China’s World Trade Organization (WTO) entry has, on balance, been positive for the US business community because the Chinese economy is more open, but market access barriers and other challenges persist, US-China Business Council (USCBC) Senior Vice President

In November, Chinese and US negotiators surprised the global business community by announcing an end to a standoff over high-technology tariffs. In agreeing to move forward with the World Trade Organization’s (WTO) Information Technology Agreement (ITA), China paved the way for the slashing of tariffs on items from semiconductors to video game consoles. The breakthrough on ITA was a welcome development, but there are a number of other WTO initiatives that both the United States and China are actively negotiating that could significantly impact American companies across sectors.