Petrochemical Federation holds 10 years of WTO membership

Dealing with the Complex Export Situation and Deepening the Study of WTO Rules

In 2012, as the export situation became more complex and the pressure for companies to “go abroad” increased, the study on WTO rules was intensified, and they took a positive attitude to participate in the game on the international arena, becoming an important part of the “steady progress” of foreign trade in the petrochemical industry. Handle. This is the information that the reporter obtained from the 2012 China Petroleum and Chemical Industry Federation Party Committee Theory Center Group Study Conference and China's WTO Accession to the Seminar for 10 years held on January 6.

Li Yongwu, president of the China Petrochemical Association, said that the petrochemical industry has made considerable progress since China joined the WTO for 10 years. The total import and export volume of the industry in 2011 is expected to exceed 590 billion U.S. dollars, which is more than six times that of 2000. However, under the background of the “going out” of petrochemical enterprises and the increasing trade volume, relevant trade frictions have also gradually increased. Therefore, it has become a consensus in the industry to study in depth the trade rules of the major trading regions of the world, reduce trade frictions, and promote the healthy and stable development of the petrochemical industry.

Sun Zhenyu, former vice minister of foreign trade and economic cooperation and former Chinese ambassador to the World Trade Organization, pointed out at the meeting that China’s foreign trade volume has increased from 500 billion US dollars in 2002 to nearly 3 trillion US dollars in 2010 over the past 10 years since China joined the WTO. Participate in the formulation of international trade rules. Excellent companies in a number of industries, including petrochemicals, have grown stronger in the fierce competition in the international market.

Sun Zhenyu also stressed that this year's foreign trade situation in China has many uncertainties. First, with the gradual deepening of the European debt crisis, the demand in major markets such as Europe, the United States, and Japan continues to decline. In addition, the continuous increase in the cost of raw materials and labor in China and the pressure of RMB appreciation make China's export situation this year unclear. Second, under the influence of the United States to encourage the country’s enterprises to return to the United States to invest in development policies, the prospects of using foreign capital in China are not optimistic. Once again, the increase in international trade disputes in the past two years has increased the pressure for the “going out” development of Chinese enterprises.

Sun Zhenyu suggested that under such a complex and changeable new situation, it is necessary to continuously deepen reform and opening up and clarify issues arising in development so as to achieve stability and progress. At the same time, we must actively participate in the game on the international arena and in-depth study of WTO rules. Only by studying the terms of industry subsidies, export restrictions, export tax rebates, etc., can we avoid such trade frictions as the special tire protection case, and strive for a more fair and more reasonable international trade environment for ourselves. He hopes that the petrochemical industry will be able to make steady progress in the future import and export trade, and provide other domestic industries with rich experience worth learning.

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