China’s accession to the World Trade Organisation (WTO) is already leading to intense legislative reform as China revises existing laws and regulations relating to trade and investment in a wide range of areas in order to comply with the WTO regime.
Although the full extent of China’s WTO commitments will take years to complete, the authorities are expected to use the interim period to introduce reforms progressively. In many key areas it is not clear how the Chinese authorities intend to amend the regulatory structures and how much freedom of operation foreigners will be allowed.
