Traditional Culture Encyclopedia - Traditional stories - China promised to cancel the quota system for imported cars a few years after its accession to the WTO.
China promised to cancel the quota system for imported cars a few years after its accession to the WTO.
Three years after joining the WTO, China promised to cancel the quota system for imported cars. In 2005, all WTO members will cancel import quota licenses, and it is also appropriate for China to promise to cancel them. China's accession to the World Trade Organization has made four commitments, namely, reducing tariffs, reducing and eliminating non-tariff barriers, agricultural commitments and opening up the service industry. In terms of tariff concessions, China promised to reduce the average tariff level from 15% to 10% by 2005. Reducing tariffs is the need of China's reform and opening-up, a catch-up lesson for China after its entry into the World Trade Organization, and a trend of production globalization.
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