China needs Doha round conclusion: Chinese official

Reuters News
|
Posted: May 20, 2011 3:48 PM

BIG SKY, Montana (Reuters) - China is committed to the successful conclusion of the long-running Doha round world trade talks, a Chinese official said Friday, brushing off a suggestion that China's reluctance to further open its markets was an impediment to closing the deal.

"China is the number two world economy and we need Doha," Chinese assistant commerce minister Yu Jianhua said at the conclusion of an Asia Pacific trade ministers meeting. "Opening up is our basic national policy and we will never change."

However, he conceded there was still no consensus for how to bring the nearly decade-old talks to a close.

U.S. Trade Representative Ron Kirk said WTO members would have to decide in coming weeks and months how to salvage a deal. Many members, including the United States, still would like an agreement opening new markets in agriculture, manufacturing and services, he said.

(Reporting by Doug Palmer; editing by Bill Trott)