China to relinquish WTO developing country benefits to support multilateral trade

1 min read
Source: AP News
China to relinquish WTO developing country benefits to support multilateral trade
Photo: AP News
TL;DR Summary

China announced it will no longer seek special treatment for developing countries in WTO agreements, aiming to strengthen the global trading system amid rising protectionism, though it remains classified as a developing country and did not specify changes to market access. The move is voluntary and not a call for other nations to follow, reflecting China's evolving role in international trade and development.

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