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[lemma=further] [!□]
The WTO should also contribute to these efforts by , for example , the further liberalization of trade of environment-related equipment . The challenges to China will come from further liberalization of service sector , telecommunication , banking and insurance etc. China hopes to follow a gradual approach , i.e. the easy first and fast . The agreements have three main objectives : to help trade flow as freely as possible , to achieve further liberalization gradually through negotiation , and to set up an impartial means of settling disputes . China has committed to bring down its tariff to an average level of 15 % , making major structural change in the foreign trade regime and gradually replacing the foreign trading right system with a registration system , phasing out trade-related investment measures ( particularly local content requirement ) , adjusting towards current account convertibility ( this has already been accomplished ) , and accelerating preparation for further liberalization of trade in services . We therefore hope to see China bring domestic trade and economic systems such as intellectual property protection systems into consistency with the WTO and continue to work toward further liberalization in terms of market access , reviewing its tariff policy and relaxing foreign capital regulations on the distribution industry , etc. Environmental problems are becoming global issues requiring urgent attention .