The Reciprocity Principle Of The World Trade Organization
Mutual benefit is the basic requirement in the process of establishing WTO's common code of conduct and guidelines.
(1) multilateral holding
Trade
Negotiating tariffs or not
tariff
The reduction of the measures will open the domestic market to other members on an equal basis so as to obtain the opportunity for their products or services to enter other member markets.
(two) in reality, a country or region joins
WTO
After that, the foreign trade and economic system should also open up the market for goods and services in China in line with the GATT, GATT and the agreement on intellectual property rights of 1994.
(three) mutually beneficial trade is the main tool to achieve economic and trade cooperation with other members in multilateral trade negotiations and in the process of trade liberalization.
No member in the WTO system can be the biggest beneficiary in all fields, nor can it be the biggest victim in all fields.
The history of GATT and WTO fully shows that the benefits brought by multilateral trade liberalization to one member are far greater than that of a single country in its own interest in trade liberalization.
Because a country unilaterally decides to liberate its tariff and non-tariff trade in goods and to open its service market, the interests it gains are mainly determined by the reaction of other trading partners to such liberalization reform. If the reaction is good, that is, the concession is also granted, the benefits will be large, otherwise the smaller one will be.
Under the WTO system, the trade liberalisation of a member is carried out within the scope of the existing members' commitment to open the market. The natural benefits brought by such trade liberalization reform are guaranteed by the WTO machine, which is not so uncertain as the interests of unilateral or bilateral trade liberalization.
Therefore, multilateral trade liberalization is better than unilateral trade liberalization, especially in developing countries such as China.
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