Page:China and WTO White Paper 2018.pdf/12

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largest developing country, China understands the difficulties of developing members to benefit from the global value chains and participate in international economic and trade governance. China worked hard to make trade an enabler of the 2030 Agenda for Sustainable Development.

Providing pragmatic and effective support to other developing members. China has reinforced its aid to other developing members, especially least-developed country members, to bridge the South-North development gap. By March 2018, it had accorded zero tariff treatment on 97 percent of all tariff lines to 36 least-developed countries (LDCs) that have diplomatic relations with China and completed exchange of notes. Responding to the "Aid for Trade" initiative, China has contributed multilateral and bilateral resources to help other developing members, especially least-developed country members, with infrastructure construction, professionals training, productivity improvement, as well as trade and investment development. It has donated USD1 million to the WTO Trade Facilitation Agreement Facility to assist the implementation of the TFA. The LDCs and Accessions Program, established by China in 2011, has helped six LDCs accede to the WTO. Since 2017, China has strengthened cooperation with the WTO and other international organizations under the South-South Cooperation Assistance Fund, and carried out cooperative projects in "Aid for Trade" to help other developing members benefit from global value chains.

5. Firmly opposing unilateralism and protectionism

Unilateralism and protectionism run counter to the fundamental principles of the WTO. The multilateral trading system is a historic choice that follows the trend of global economic development. The WTO advocates the principles of rules, openness, transparency, inclusiveness and non-discrimination, and it will remain the main channel to address global trade issues. China explicitly opposes unilateralism and protectionism. Unilateralism goes against the law of the market and international rules, causes injury to others but ends up defeating oneself. Pursuing protectionism is like locking oneself in a dark room. While wind and rain may be kept outside, that dark room will also block light and air. Only through equal consultation and joint efforts can win-win results be achieved for all.

Pursuing free trade through platforms for multilateral cooperation. China advocates solving international trade problems through cooperation, dialogue and consultation on an equal footing. During the 22nd APEC Economic Leaders' Meeting, the G20 Hangzhou Summit, and the BRICS Xiamen Summit, all hosted by China, the country increased coordination with all parties concerned, and secured statements on opposing trade protectionism in the outcome documents of these summits. When attending the Belt and Road Forum for International Cooperation, the Boao Forum for Asia, and the World Economic Forum, Chinese leaders repeatedly expressed their