CWR > Volume 3(2); 2017 > Current Developments
Research Paper
Published online: September 1, 2017
DOI: http://dx.doi.org/10.14330/cwr.2017.3.2.05
Should China be Granted Market Economy Status? : In View of Recent Development
Yong-Shik Lee
Law and Development Institute / Master's in Development Practice Program at Emory University.
Oak Grove Road, Decatur, GA 30033, USA.
Corresponding Author: yslee@lawanddevelopment.net
ⓒ Copyright YIJUN Institute of International Law. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The Protocol for China's accession into the WTO stipulated certain differential treatment for China, including the determination of normal value in anti-dumping investigations for the transitional period of 15 years. This treatment was authorized by the Protocol in response to concerns raised by other WTO Members at the time of China's entry into the WTO. Since the transitional period is over in November 2016, there is an argument supporting the grant of market economy status to China, although the Protocol does not require the automatic grant of market economy after the passage of the transitional period. However, China's recent trade measures, which have been adopted to press another WTO Member to meet its political objective, raise a question as to whether China is indeed ready for market economy status. This article analyzes such case and offers a view on the grant of market economy status to China.
Keywords : China, WTO, Market Economy Status, GATT/WTO Rules, Trade Governance
