China forgoes WTO developing-country benefits to ease trade tensions

firstpost.com

China will no longer claim developing-country benefits at the World Trade Organisation, easing a key point of friction with the United States. Premier Li Qiang announced Wednesday that Beijing will forgo Special and Differential Treatment (SDT) benefits in future WTO negotiations, signaling a desire to ease trade tensions and support multilateral trade reform. This move, while symbolic, does not change China's developing nation status and may influence other large economies' claims, though some worry it could exacerbate inequality within the WTO.


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China forgoes WTO developing-country benefits to ease trade tensions | News Minimalist