China to Submit New Procurement Proposal to WTO |
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June 2, 2010
China will submit a new proposal by mid-July to the World Trade Organization to join the WTO government procurement agreement, which regulates trade in public-sector purchases, trade officials said on Wednesday.
China will submit a new proposal by mid-July to the World Trade Organization to join the WTO government procurement agreement, which regulates trade in public-sector purchases, trade officials said on Wednesday.
Chinese membership in the voluntary agreement is keenly awaited by Beijing's partners, who say the scale of government purchases in China's economy is potentially huge.
Yi Xiaozhun, vice-minister of commerce, told WTO members that China would make the offer before the next meeting of the global trade body's government procurement committee, due in the middle of next month, the officials said.
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