Russia, China oppose economic sanctions, support WTO reform including restoration of dispute settlement system
BEIJING. Nov 5 (Interfax) - Russia and China are opposed to the policy of intimidation in the global economy and note the unacceptability of unilateral restrictive measures.
A joint communique was adopted following the 30th regular meeting of the Russian and Chinese heads of government, the text of which was published on the Russian government's website.
"The parties agreed to strengthen the coordination of their approaches within the UN, the Shanghai Cooperation Organization, BRICS, the Group of Twenty and the Asia-Pacific Economic Cooperation (APEC) Forum, to preserve the multilateral trading system, to oppose unilateralism and the policy of intimidation, and [state] the unacceptability of unilateral restrictive measures," the document said.
Moscow and Beijing are in favor of strengthening the multilateral trading system in which the World Trade Organization (WTO) plays a central role and support efforts to reform it, including the restoration of a fully functioning dispute settlement system and the improvement of the decision-making mechanism, with the aim of enhancing the organization's efficiency and authority in current realities.
"The parties will facilitate the simplification of trade procedures, promote the adaptation of WTO rules to modern realities and support compliance with WTO rules, especially its fundamental principles of non-discrimination and transparency," the document said.
Russia and China are also opposed to protectionism and unilateral restrictive measures that contradict the rules and principles of the WTO.
"The parties intend to jointly ensure the security, stability and sustainable development of global production and supply chains, promote the formation of more open, inclusive, transparent and non-discriminatory conditions for international trade, and strive to achieve meaningful agreements following the 14th WTO Ministerial Conference in Cameroon in March 2026," the document said.
