GENERAL KNOWLEDGE

Detailed explanation-1: -China has been a member of WTO since 11 December 2001.

Detailed explanation-2: -China acceded to the WTO on 11 December 2001, becoming its 143rd member, following 15 years of accession negotiations.

Detailed explanation-3: -The WTO’s General Council, on 10 December 2002, approved the accession package of Armenia to the World Trade Organization. Director-General Supachai Panitchpakdi said that “this is a very significant event for Armenia and for the multilateral trading system”.

Detailed explanation-4: -China aimed to be included as a WTO founding member (which would validate it as a world economic power) but this attempt was thwarted because the United States, European countries, and Japan requested that China first reform various tariff policies, including tariff reductions, open markets and industrial policies.