china
There is a great possibility that China may join the World Trade Organization. ... China is the largest economy and trading nation outside the World Trade Organization (WTO). China is the tenth largest trading nation in the world (total trade likely exceeded $350 billion in 1998), with a large economic surplus, second only to Japan. China would benefit greatly from this accession to the WTO, especially in the areas of economy, status, efficiency, and access to foreign markets. One of the main reasons for China’s becoming a member of the WTO is that joining the WTO would help the general population of China in a number of ways, such as improving the economy and living conditions. It would help China avoid economic standstill, increase productivity of economic resources, and stimulate economic growth. ... Overall external trade would possibly increase by $56 billion dollars as a result of China’s accession to the WTO: $26 billion in increased exports and $30 billion in increased imports.