China has formally announced it will join US-led Trade in Services Agreement (TISA) talks to update the rules on the US$4 trillion annual trade in global services, government-backed news portal China.com.cn reported Thursday, citing commerce ministry spokesperson Shen Danyang. The talks are also aimed at further liberalizing the international trade in services. Twenty-three World Trade Organization member countries have taken part in the talks since they began in March. China will promote openness and standards, Shen said. The government will further develop domestic service industries and open up the market to foreign entities, he said.
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