WTO rules on state trading operating through provisions on state trading (Article XVII) and on tariff bindings (Article II) discipline import protection in line with countries' tariff bindings as long as sufficient information is available to monitor the behavior of state trading enterprises. China's economic reforms have left state trading a minor part of its trade regime overall, although it applies to trade in important agricultural commodities, and oil, China's commitments in its WTO accession package will make policy much more transparent and allow China to develop a highly efficient agricultural sector. This policy stance also highlights the pressing need for improved policies to counter rural poverty.
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