"China will no longer claim the benefits available to developing nations at the World Trade Organization, removing a point of contention with the US that's been a barrier to their agreement on reforming the global arbiter of commerce. Premier Li Qiang announced Tuesday in New York that the country will stop seeking new "special and differential" rights in any current and future WTO negotiations, according to state-run Xinhua News Agency and a statement from the WTO's head on X."
"WTO Director General Ngozi Okonjo-Iweala welcomed the decision on X, calling it "a culmination of many years of hard work" and thanking China's leadership. The gesture is significant at a time when higher U.S. tariffs are forcing China to divert ever more of its exports to rising economic powers from Latin America to Africa and Southeast Asia, a push that's starting to meet resistance around the world."
China will no longer claim developing-nation benefits at the World Trade Organization and will stop seeking new "special and differential" rights in current and future WTO negotiations. Premier Li Qiang announced the change in New York while attending the United Nations General Assembly. WTO Director-General Ngozi Okonjo-Iweala welcomed the decision as "a culmination of many years of hard work" and thanked China's leadership. The move removes a major U.S. objection that had impeded talks on WTO reform and may help Beijing negotiate a more lasting trade deal with the United States amid tariff-driven tensions. Developing-nation status is self-declared and grants implementation flexibilities.
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