China gives up WTO developing-country status
18 hours ago
- #WTO
- #Trade
- #China
- China will no longer seek special treatment as a developing country in WTO agreements.
- The move is aimed at strengthening the global trading system amid tariff wars and protectionism.
- The change applies only to future negotiations, not existing agreements.
- China's decision is voluntary and does not urge other developing countries to follow.
- China remains a developing country despite being the world's second-largest economy.
- The WTO director-general praised China's decision as key to WTO reform.