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China firmly supports ATT to improve global governance of arms trade: ambassador

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      China

      China

      China firmly supports ATT to improve global governance of arms trade: ambassador

      2024-08-20 14:35 Last Updated At:16:57

      China has firmly supported the Arms Trade Treaty (ATT) in its work with other States Parties to regulate the trade in conventional arms and improve global governance of the arms trade, said Shen Jian, Chinese Ambassador for Disarmament Affairs, on Monday in Geneva.

      In the general debate speech at the 10th Conference of States Parties (CSP10) to the ATT, Shen pointed out that as the only legally binding instrument within the UN framework regulating global conventional arms trade, the ATT plays a special role in maintaining world peace and stability and promoting global security governance.

      China's formal accession to the treaty in 2020 fully demonstrates its sincerity and determination in upholding the global governance system, supporting multilateralism, and promoting the building of a community with a shared future for mankind, he said.

      Shen emphasized that China has always been a firm supporter, faithful doer, and active contributor to the treaty on global governance of the arms trade. On issues related to the arms trade, China consistently adopts a cautious and responsible attitude, establishing a comprehensive system of policies and regulations for military exports and strictly adhering to the three principles of export of military products, the ambassador said, adding that China opposes adding fuel to the fire in regional conflicts, as well as politicizing or instrumentalizing the arms trade or the treaty itself.

      China is willing to work hand in hand with the international community to continuously enhance the authority and vitality of the treaty, making new contributions to achieving global common security and lasting peace, he said.

      The Arms Trade Treaty was adopted by the UN General Assembly on April 2, 2013 and entered into force on Dec. 24, 2014. As of now, the treaty has a total of 115 States Parties.

      China firmly supports ATT to improve global governance of arms trade: ambassador

      China firmly supports ATT to improve global governance of arms trade: ambassador

      China firmly supports ATT to improve global governance of arms trade: ambassador

      China firmly supports ATT to improve global governance of arms trade: ambassador

      China's sharp countermeasures against U.S. "reciprocal tariffs" demonstrate the country's zero tolerance towards actions that undermine the global multilateral trading system, according to an expert.

      Amid widespread opposition, U.S. President Donald Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs", imposing a 10-percent "minimum baseline tariff" on all imported goods and higher rates on certain trading partners. The order took effect from Saturday.

      For China, it faces a 34-percent tariff from the United States. That was on top of the existing tariff of 20 percent.

      Following the U.S. decision to impose "reciprocal tariffs" on Chinese exports to the United States, China's Customs Tariff Commission of the State Council said Friday that the move taken by the U.S. does not conform to international trade rules, seriously undermines China's legitimate rights and interests, and represents a typical act of unilateral bullying.

      It also announced that China will impose additional 34-percent tariffs on all products imported from the United States starting from April 10.

      Wang Yaojing, assistant professor of economics with Peking University, pointed out that China's countermeasures shows its clear stance in opposing unilateralism and protectionism.

      "China's countermeasures clearly demonstrate zero tolerance against actions that seek to undermine the global multilateral trading ecosystem. These harmful moves have far-reaching consequences for the global economy. And China's countermeasures are both well-prepared and timely," Wang emphasized.

      China’s countermeasures show zero tolerance towards US unilateralism, protectionism: expert

      China’s countermeasures show zero tolerance towards US unilateralism, protectionism: expert

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