China Implements WTO Commitments on Rules of Origin

November 30, 2004 | BY

clpstaff &clp articles

Determining the origin of traded goods is a critical aspect of the rules of international trade. The State Council recently adopted new rules that bring China into greater conformity with WTO standards and practices.

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By Jeanette K. Chan and Auria Styles, Paul, Weiss, Rifkind, Wharton & Garrison, Hong Kong

It is no secret that the People's Republic of China is one of the world's largest trading powers, and one of the largest global centres for trade processing. In 2003, according to Vice Minister of Commerce Yu Guangzhou, processing trade comprised about 48%, or US$404.8 billion, of China's total trade with the world.1 Accordingly, rules of origin are critical to China's trading relationships, and understanding how they work is critical for practitioners and investors alike.