Business law - chinese trade and investment law - Essay Example

Only on StudentShare

Extract of sample
Business law - chinese trade and investment law

Significantly, in accordance with the principle of the balance between rights and duties, once China joins the WTO, China is said to be able to enjoy a "most favoured nation status" (Chen 2000). China's interest in WTO according to Chen (2000) is thus -
".the multilateral, stable and unconditional most favoured nation status provided by the WTO members and the achievements gained by other countries and regions from trade liberalization, [the participation] in the formulation of international trading rules, and [utilization of] the WTO's multilateral dispute solution mechanisms to safeguard China's rights and interests"
According to the Fact File of the World Trade Organization (2005), the WTO is the only global international organisation dealing with the rules of trade between nations. Its goal is to help producers of goods and services, exporters, and importers conduct their business through agreements, negotiated and signed by the world's trading nations and ratified in their parliaments.
Established on 1January1995, and created by the Uruguay Round negotiations (1986-1994), the organization is based in Geneva, Switzerland where 148countries (on 13October2004) are members. It has a budget of 169million Swiss francs for2005 and is now headed by Pascal Lamy as Director-General.
The Fact File (2005) furt ...
Download paper


China was so keen on gaining membership in the World Trade Organisation (WTO) because it would be able to promote its national reforms, develop its national economy, and boost economic and trade cooperation between itself and various countries and regions around the world…
Author : christian30

Related Essays

Business Law and Ethics
However, in 2008 – regardless of compliance to SOX reform standards, many institutions went through failure, which demonstrated that there was need to employ further control measures (Pozen 54). The changes planned, so as to improve the decision-making processes of the boards include that all boards would only have seven members; where the CEO is among them, and the six others are independent. It was also a requirement that the board members should be well versed with the company’s business areas, and would be required to spend more time deliberating on company matters. They would take two...
16 pages (4016 words) Assignment
Business Law : Sony Corporation
Business Law : Sony Corporation ...
5 pages (1255 words) Essay
International Business: Individual trade project
The spreading of globalization has also played a major role in the creation of demand for new kinds of products and services. This in return has played a role in the process of development of new markets by the opening of various previously closed economies. Talking on this note, it can be said that the availability of information and new age communication technology has helped in a great way in the process of development of new markets in international locations. As a result of emergence of new markets, there has been significant amount of development in regards to business and trade policies...
8 pages (2008 words) Essay
Main challenges of Chinese outward Foreign Direct Investment: A case study of Chinese marble companies in Portugal
On top of the quantitative research survey study, a maximum of three (3) research survey respondents were invited for telephone research interview. The research findings show that the host country’s government policies (HSGP) and the high taxes and duties in the host country (HSTD) are among the main challenges that most marble companies in Portugal. Aside from the host country’s government policies (HSGP) and the high taxes and duties in the host country (HSTD), other challenges that most marble companies in Portugal are currently facing include the social conflicts caused by cultural...
54 pages (13554 words) Dissertation
Trade Law
(ICC, 2000)...
5 pages (1255 words) Essay
Investment Law
Unit trusts and OEICs share some common benefits such as diversification, simplicity, and income and growth potential (Jorion, 2005). However, OEICs outweigh unit trusts in terms of benefits that they offer. The key area of distinction is the pricing structure of an OEIC which is more straightforward and transparent. Moreover, OEIC has a more flexible structure in that it can entail a variety of sub-funds that offer different investment objectives. Adding new sub-funds and creating share classes is not only easy in the case of an OEIC but also inexpensive (Jorion, 2005). The paper also...
10 pages (2510 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!