TPKMTaiwan, Penghu, Kinmen and Matsu (Customs Territory)
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law, President Bush certifies the U.S.-China bilateral WTO agreement 14 September 2001 WTO members finish agreement for China to join 11 November 2001 WTO ministers formally accept China as a member, followed by Taiwan the next day 11 December 2001 The People's Republic of China officially becomes the 143rd member of WTO 1 January 2002 Taiwan as "Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (TPKM)" officially becomes the 144th member of WTO TABLE 2 WTO REDISTRIBUTES BENEFITS Winners Losers The private sector Many state-owned companies Consumers Banking Exporters Insurance Transport: containers Telecommunications Services: household Automobiles and professional Textiles and apparel Heavy industry, e.g.