[Explanation] 2021 is the 20th year of China's accession to the WTO.

On August 13, Wang Huiyao, Counselor of the State Council and Chairman of the Globalization Think Tank, said in an exclusive interview with China News Service that the current WTO rules are in trouble. Therefore, after four years, the WTO Ministerial Conference will be held on November 29. The meeting attracted much attention, and he had high expectations for this meeting.

　　[Concurrent] Wang Huiyao, Counselor of the State Council, Chairman of Globalization Think Tank

　　The WTO really needs to reach an existing result to boost its authority and confidence.

Therefore, it has not been held in 4 years and everyone is looking forward to multilateralism. The WTO can bring you a surprise or a new impetus to the global economy that has been hit hard by the epidemic, and it (shows) that the WTO can still be achieved. So I still have high hopes for it.

　　[Explanation] Talking about the difficulties faced by WTO reform at this stage, Wang Huiyao pointed out that in the context of the global pandemic, personnel interactions are subject to some restrictions.

He hopes that the WTO and the World Health Organization will combine to achieve mutual recognition of vaccines worldwide.

　　[Concurrent] Wang Huiyao, Counselor of the State Council, Chairman of Globalization Think Tank

　　Now our personnel flow is basically stagnant. The interaction, negotiation, and negotiation between officials of various departments may only be through online, and the efficiency may not be so high.

So I think this area can be more liberated, including WHO should issue the world's vaccine registered passports, for example, the WTO and the World Health Organization can be combined to see if vaccines can be mutually recognized.

　　[Explanation] It is understood that since U.S. President Biden took office, the new WTO Director-General has appointed four Deputy Director-Generals from the United States, China, and the European Union.

Some commentators believe that the Biden administration has returned to multilateralism.

Regarding this, Wang Huiyao said:

　　[Concurrent] Wang Huiyao, Counselor of the State Council, Chairman of Globalization Think Tank

　　Well, the Biden administration just came up, and it has only been more than six months so far.

So in the process of half a year, he is still forming his overall strategy for China. I think he is still forming, he certainly has some alliances, including many Indo-Pacific, including its NATO summit. Wait, he made a series of tricks, but I think he is still in the process, especially his trade and economic policies, I think he is still in the process of being formed.

He may not have put trade tariffs in his most important position, because for him, the top priority is to solve the problem of survival under the epidemic and the problem of the US economy not to collapse.

　　[Explanation] December 11, 2021 is the 20th year of China’s accession to the WTO. Over the past 20 years, China’s average annual contribution to global economic growth has been close to 30%. China’s accession to the WTO has achieved a win-win situation between China and the world.

When talking about the current counter-current of trade protectionism, what role China should play in the WTO in the future, Wang Huiyao said:

　　[Concurrent] Wang Huiyao, Counselor of the State Council, Chairman of Globalization Think Tank

　　I think that China now needs further reform and opening up, a higher, larger, and more comprehensive opening up, because we have tasted the sweetness of opening up, we will become stronger and richer when we are open, and we will have made great achievements in opening up. , We become the world's second economy.

And we are likely to be number one in a few years.

I think the 20 years of WTO China’s entry into the WTO is an opportunity. Can China give play to some leadership, some driving forces, and some world leadership, so that the WTO can rebuild its authority and rebuild its authority.

　　[Commentary] Wang Huiyao said that China is currently the world’s largest trading country and the largest trading partner of more than 130 countries. He believes that China can fully demonstrate new leadership, cooperation and negotiation capabilities, and jointly promote future world trade with the EU and the United States. Development.

　　Wang Quanbao and Wu Yichen report from Beijing

Editor in charge: [Ji Xiang]