A package solution is the only means to balance and reflect the interests of all parties concerned. However, there are also risks in a package approach. Disagreement on one issue may result in the failure of the whole package. During this session, all parties concerned have made sincere efforts to reach this goal. I hereby would like to express my gratitude to the efforts made by the EU delegation in this regard.
China is still willing to continue the negotiations on a balanced and package basis in the future.
At the same time, I want to urge relevant countries to make political decisions on the basis of taking into full consideration of the realistic possibilities of China's economic development level and market supervising capability so as to pave the way for a final package agreement. Mr. Chairman, The history of the past 20 years has proved that China's reform and opening-up are conducive to the healthy and rapid development of China's economy and has also injected vigor into the global economy. To that end, China has once again taken the initiative to reduce its tariff level on January 1 after five times of tariff reductions since 1992. With this action, China has made its contributions to the global trade liberalization. China is looking forward to its early accession to the WTO, by that time, China will be able to start the implementation of our commitments made in the WTO negotiations and enable the WTO Members to benefit the significant commitment of China's market opening.