china s wto accession and its trade with the southeast asian economies by kar yiu wong university of washington karyiu u edu http faculty december 15 2003 preliminary please do not quote 1 introduction after years hard working eventually gained entrance into world organization in november 2001 to get final approval from members this has agreed liberalize foreign reduce many restrictions on direct investment a summary liberalization near future is given below reduction average import tariff 24 6 9 4 per cent 22 17 5 for agricultural products elimination subsidies exports 25 8 industrial 100 vehicles 10 vehicle parts 2006 12 3 2002 zero 2005 information technology b farm be capped at production value c tariffs computers semiconductors