In conclusion chinas accession to the world trade organization is a landmark event one that has wide ramifications for china the united states the wto and the world as a whole. Accession meant that china would engage in global competition according to rules that it did not make chinas admission was an enormous multilateral achievement that marked a clear commitment towards multilateralism when china joined the wto it agreed to considerably harsher conditions than other developing countries. Chinas accession to the world trade organization wto in december 2001 was heralded by the international community as a victory for free trade and economic liberalization during its arduous 15 year accession process china made extensive commitments to reform domestically and reduce trade barriers. Abstract this article presents estimates of the impact of chinas accession to the world trade organization wto china is estimated to be the biggest beneficiary us31 billion a year from trade reforms in preparation for accession and additional gains of 10 billion a year from reforms after accession followed by its major trading partners that also undertake liberalization including the
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