China issues guidelines to boost policy compliance with WTO rules

Compliance assessment should be a necessary prerequisite of the introduction of new trade policies, the guidelines emphasised, requiring governments at all levels to assess proposed trade policies in accordance with WTO agreements and China's commitments, a state-controlled media outlet reported.

Strengthening trade policy compliance efforts is conducive to fostering a top-tier business environment and promoting the establishment of a unified national market, said a commerce ministry official.

Ensuring a non-discriminatory and transparent policy framework will promote the smooth flow of production factors and efficient allocation of resources, and unlock greater market potential, the official added.

Fibre2Fashion News Desk (DS)