China's Accession to the WTO: How Will This Benefit European Undertakings?

China's accession to the World Trade Organization ("WTO") will help open up the Chinese market for European undertakings and will boost China's role as a major partner of the European Community. Accordingly, China's accession primarily can be seen as a factor in liberalizing Sino-European trade relations. China's accession to the WTO also will cause this country to lose progressively its "exception" status. As a result, Europe, on the one hand, will treat China just like its other trading partners, while China, on the other hand, will benefit fully from its WTO membership, not only with regard to its WTO obligations, but also to its WTO rights. Therefore, China's accession to the WTO can also be seen as a means of normalizing Sino-European trade relations. The case of anti-dumping is particularly illustrative.