All for one, one for all

When China joined the WTO in 2001, it was a move that transformed both China and the world, says Pascal Lamy, director-general of the WTO. Lamy said he feels that "China is a success story that is still unfolding".

Over the last 10 years, China has become the world's biggest exporter and also surpassed Japan in 2010 as the world's second-biggest economy. The nation's trade and investment have also helped create millions of jobs all over the world during past 10 years. Trade deficit is expected to remain stable over the next five years, even as imports are set to surpass $10 trillion during the 2011-2015 period.

Lamy, however, does not rely on these numbers to support his arguments. "The win-win situation (after China's WTO entry) is a sum of pluses and minuses," says Lamy who has steered the WTO ship from 2005 after leaving the European Commission.