China Plans New Trade Office as Global Disputes Grow: Sources |
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March 10, 2010
China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
The new China Trade Representative office (CTR) will absorb a tangle of offices that have overlapping influence on trade matters, and it will have functions similar to the United States Trade Representative (USTR). But the CTR will remain under the Ministry of Commerce, three ministry sources who requested anonymity told Reuters.
A ministry spokesman, reached by telephone, declined to comment on the reorganization.
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