Geneva [Switzerland]Oct. 19 (ANI / Xinhua): The World Trade Organization (WTO) will begin China’s eighth trade policy review on Wednesday, the Commerce Ministry said on Tuesday. The review will last three days until Friday and will bring together Minister of Commerce Wang Wentao and Vice Minister of Commerce Wang Shouwen in Beijing by video link, as well as Chinese Ambassador to the WTO Li Chenggang in Geneva, the ministry said.

This year marks the 20th anniversary of China’s accession to the WTO. Over the past 20 years, China has fully fulfilled its accession commitments, actively participated in the work of the WTO, and made great contributions to maintaining the multilateral trading system, the ministry said. The country had already been the subject of seven trade policy reviews by the WTO. The last review was carried out in 2018.

The ministry will elaborate on China’s new development philosophy during the Eighth Review, outline the country’s new reform and opening-up measures, and address concerns raised by WTO members. “China invites all countries to share development opportunities with it and is willing to work with all parties to jointly safeguard the multilateral trading system with the WTO as the core,” the ministry said. (ANI / Xinhua)

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