China to relinquish WTO privileges in show of support for multilateral trade

Source: China – South China Morning PostChina has pledged not to seek special and differential treatment – a provision of the World Trade Organization granting certain privileges to developing countries – in its dealings under the framework of the global trade body, an action that bolsters the country’s case that it is defending the multilateral trade system amid the tariff increases and other protectionist policies imposed by US President Donald Trump.
“China, as a responsible major developing country, will not seek new special and…Read More

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