. /.   WORLD TRADE  
ORGANIZATION  WT/BOP/R/83 
26 October 2006 
 (06-5157) 
  
  
 
COMMITTEE ON BALANCE-OF-PAYMENTS RESTRICTIONS 
 
Transitional Review Mechanism Pursuant to Para graph 18 of the Protocol of Accession of the 
People's Republic of China to the World Trade Organization  
 
Report of the Chairperson to the General Council  
 
 
1. Pursuant to paragraph 18 of China’s Protocol of Accession (WT/L/432), the Committee on 
Balance-of-Payments Restrictions held its fifth annual review u nder China’s Transitional Review 
Mechanism at its meeting on 23 October 2006.   
2. Annex 1 to this report reproduces the relevant  sections of the Note on the BOP Committee's 
meeting held on 23 October 2006 in which Member s' discussion regarding China's TRM are reflected. 
 
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 WT/BOP/R/83 
Page 2  
 
  Annex 1
 
  
Relevant sections of the Note
  
on the meeting of 23 October 2006  
 
(WT/BOP/R/84 ) 
  
 
A. T
RANSITIONAL REVIEW MECHANISM (TRM)  PURSUANT TO PARAGRAPH  18 OF THE 
PROTOCOL OF ACCESSION OF THE PEOPLE 'S REPUBLIC OF CHINA TO THE WORLD TRADE 
ORGANIZATION  
2. The Chairman  said that at the present meeting the Committee would be conducting the fifth 
annual review under China's Transitional Review  Mechanism, and he invited comments from 
delegations. 
 3. The representative of China
 said that in view of its balance-of-payments situation, it had no 
comments.    4. The representative of Nigeria
 said that his delegation wished to commend China on the 
progress made so far despite the challenges faced in the process of accession to the WTO.  Nigeria 
had observed that since China became a Member of  the WTO in December 2001, it had been an 
active participant in the multilateral trading syst em.  The People's Republic of China had also 
remained committed to its programme of economic liberalization, including major trade and trade-
related reforms.  Indeed, the reform process had ne cessitated some of those changes in China's trade 
and investment policy framework which had today acco rded it the status of a market economy.  These 
efforts, therefore, deserved commendation and further encouragement from Members. 
 5. His delegation noted that the purpose of Pa ragraph 18 of the Protocol of Accession of the 
People's Republic of China to the WTO, was to enable China to enjoy the same rights as those 
accorded to other developing-country WTO Member s as provided in GATT Article XVIII:13 and the 
BOP Understanding.  China, therefore, had exerci sed significant responsibility by partaking in these 
transitional reviews.  Nigeria looked forward to the fina l review in year 2010 or at an earlier date to be 
decided by the General Council.  6. On this occasion, Nigeria called on all WTO Members to look at the sequence of events, 
responses and compliance of China to its WT O commitments despite some obvious critical 
circumstances. In this regard, his delegation wi shed to express its support and encouragement to 
China for its continuing efforts to fulfil its ob ligations as well as implement its commitments in a 
gradual process like other  developing-country Members of the WTO.  7. The Committee took note
 of the statements.  
 
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