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This Will Provide Them With More Time, Greater Flexibility, And Privileges ...

This will provide them with more time, greater flexibility, and privileges too.
A trading system needs to be free of discrimination in order to prevent one country from discriminating against another country or against foreign products or services.
A trading system should not have barriers that inhibit it from trading freely.
A trading system needs to be predictable in a manner that foreign companies and governments can have the confidence that trade obstacles will not take place and that the markets they invest in will not suffer in anyway.
From the above, the WTO promotes a suitable environment within which businesses can be introduced, can operate, and may not be driven out of easily. It is an organization lends tremendous support to trading countries like China that has immense scope for growth.
Is the European Union Violating WTO Principles?
In view of the WTO principles, it is clear that member countries are not supposed to discriminate against any products or member countries. In addition to this, it is said that no member me provide advantages in trade over other member countries. This is something that the EU has done with China in the past. No country is supposed to have any special trading benefits with another country or discriminate against it. As a result of this, all members are believed to have equal rights, and they all have the same benefits that come of any rules for lower trade barriers.
Though providing China with trade advantages was done with the intention of promoting better trade between the two regions, it violates the rights of other WTO members. Since no member of the WTO is allowed to have any special trading benefits with another country or discriminate against it, they all have equal rights, and they all have the same benefits that come of any rules for lower trade barriers.
If advantages were to be provided to trading partners, they should have been provided to all trading partners that were trading the same commodity to the EU. However, in view of the long relationship that China enjoyed with the EU, and the fact that the EU saw China as a viable trade partner, the EU hoped to secure their trade relationship. Quite obviously, removing quotas from trade with China was carried out in order to maintain a long-term trade relationship. However, there have been conflicts that have taken place from time to time between China and the EU due to the volume that China manages to export to the EU. The WTO obviously would not have any objection to the EU removing quotas, but to re-impose them would be considered violation of WTO rules.
Clearly, it can be observed from the above points under the WTO that it is in thorough favor of trade being promoted at all levels. It also aims at reducing the level of discrimination among the trading countries in order to promote more competition as well as provide opportunities to all.


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