WORLD TRADE
ORGANIZATIONWT/BOP/W/22
13 September 2002
(02-4863)
Committee on Balance-of-Payments Restrictions Original:  English
COMMUNICATION FROM THE UNITED STATES
The following communication, dated 11 September 2002, has been received from the
Permanent Mission of the United States.
_______________
TRANSITIONAL REVIEW MECHANISM PURSUANT TO PARAGRAPH 18 OF THE
PROTOCOL ON THE ACCESSION OF THE PEOPLE'S REPUBLIC OF CHINA
Questions from the United States to China on Foreign Exchange and Payments
Giving market participants greater freedom in handling foreign exchange and hedging risk is
among a number of measures needed to allow for trading to develop and for exchange flexibility to beused by traders and market participants.  There have been encouraging signs recently that the State
Administration of Foreign Exchange is allowing for greater flexibility in allowing some additional
banks to conduct foreign exchange business.
• What steps have been taken thus far and what additional measures are planned?
• Are there any plans to reduce mandatory surrender requirements or to eliminate them entirely?
_________