Persons with interest into the review of China’s World Trade Organization obligations receive invitation from the Interagency Trade Policy Staff Committee, so to comment on their relevant concerns. This is in order to assist the United States Trade Representative in their preparation of the annual report to Congress on the accession and integration of commitments to compliance of World Trade Organization.
Since December of 2001, China is a crucial partner to the World Trade Organization. Each year, the USTR needs to create and submit to Congress a review that is essential to determine whether certain countries implement current or future policies that comply with World Trade Organization member’s policies. The WTO is the only international organization whom deals with the rules of trade between nations, and receives acceptance globally on the scale of the WTO. The WTO hopes to ensure free, predictable and smooth trade flow between the trading nations of the world.
Topics of high interest, include the following:
- Trade Rights
- Import Regulation
- Export Regulation
- Internal Policies
- Intellectual Property
- Rule of Law Issues – transparency, judicial review, uniform regulations, sanitary and phytosanitary measures, government procurement, trade-related investment, importation and exportation tax and levy policies.
- Other WTO commitments
This report will be very interesting as to see what the United States Trade Representative will find when conducting their review.
The president expresses concerns over intellectual property as it supports organizational majority market share, longer technology life cycles, higher but stable domestic prices, higher risks from international economic participation, market saturation delay, development profitability, and other impacts to individuals or organizations.
This report is necessary for the United States government to accurately create policies that protect United States market participants, to support or discourage trade with respect to countries with policies that discriminate or predate on U.S. trade participants. Additionally, certain government actions may impede the opportunity of United States firms, and the creators of policy should make sure trade rights are equal and opportunity is in balance between trading countries.
Significance to Entrepreneurs
Entrepreneurs in the United States have found opportunity with a good trade agreements with China, large market leaders produce their products in China to this day since around the 80’s. China allows good capital open to its citizens who use the funds to create small businesses.
Regulation Regular comments on actions of government agencies with an explanation and examination for stratagem or opportunity.
In an effort to find opportunity for entrepreneurial and investment efforts, I have begun to monitor more actions from governmental agencies regarding regulations. This segment aims to highlight interesting developments in the business environment including competitors, regulations, or interesting occurrences.
THIS IS NOT LEGAL ADVICE. THIS IS COMMENTARY ON REGULATION.
Regulations can be a source of opportunity, as they make a major part in the determination of barriers to entry. An industry or practice is difficult to enter if there is a significant amount of regulative procedures and requirements, versus when restrictions are removed an opportunity may be presented. In this way we are doing our small part to encourage an informed people.
We start from modest beginnings but continue to identify, develop, and research opportunity and strategy for entrepreneurs, to better develop business ideas.