China expressed concern over an unprecedented “existential crisis” confronting the World Trade Orga
nization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday.
The proposal was submitted by China’s delegation to the General Council of the WTO in Geneva on Monday.
According to the documents released on the ministry’s website, China said rising unilateralist and protectionist practices cou
ld lead to an “existential crisis” at the WTO and sabotage multilateralism and the free trade system.
The abuse of using national security as an exception, unilateral mea
sures inconsistent with WTO rules, as well as misuse or abuse of existing trade remedy meas
ures have severely damaged the rules-based, free and open international trade order, it said.