Congressional Report: China’s WTO Membership Doesn’t Help U.S. Workers

[JBeukema]

China’s government has failed to live up to the claims its backers made in 2001 to help it gain entry into the World Trade Organization (WTO), according to a congressional commission.
In its 2010 annual report, released yesterday, the U.S.-China Economic and Security Review Commission (USCC) details the multiple ways the Chinese government has flooded the United States with exports while shutting its doors to imports and costing millions of U.S. jobs.
In an understatement, Carolyn Bartholomew, the commission’s vice-chairman, told a Washington, D.C., press conference yesterday:

The grounds on which it [China’s entry into the WTO] was sold did not turn out as promised for American workers.
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AFL-CIO NOW BLOG | Congressional Report: China’s WTO Membership Doesn’t Help U.S. Workers

 

[loosecannon]

China demonstrates the same contempt for the WTO that the US does for the UN. Relying on it for advantage when convenient but then disowning it when it isn't.


Some economists view the latest accord of the G20 to be a formal rejection of WTO principles and rules by a leading world body. To the chagrin of the US and delight of the Asian community.