‘Pivotal moment’: China ends special treatment in future talks; WTO welcomes move for fairer global trade
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'Pivotal moment': China ends special treatment in future talks; WTO welcomes move for fairer global trade

The World Trade Organization (WTO) on Wednesday welcomed Chinaโ€™s decision not to seek new special treatment in future WTO negotiations, calling it a step toward a more equitable global trading system.โ€œThis is a pivotal moment for the WTO,โ€ said Ngozi Okonjo-Iweala, WTO Director-General, news agency AFP reported. โ€œChina’s decision reflects a commitment to a more balanced and equitable global trading system.โ€Chinese Premier Li Qiang announced on Tuesday, during a high-level meeting on the sidelines of the United Nations General Assembly, that Beijing would no longer pursue special and differential treatment โ€” privileges granted to developing nations โ€” in upcoming WTO talks, according to Chinaโ€™s official Xinhua news agency.Li described China as โ€œa responsible major developing country,โ€ emphasizing the announcement was aimed at addressing challenges to the multilateral trading system.Li Yihong, Chinaโ€™s charge dโ€™affaires at its WTO mission, told reporters that the decision does not change Chinaโ€™s classification as a developing country. โ€œThis is a concrete measure to proactively assume responsibility and demonstrate the commitment of a major developing country,โ€ she said.Special and differential treatment under WTO agreements allows developing countries longer timeframes for implementing commitments and measures to expand trading opportunities. Wealthier nations, including the US, have argued that China, now the worldโ€™s largest merchandise trader, should relinquish such privileges.Okonjo-Iweala said the move โ€œmarks a significant step in the ongoing discussions about the role of large, advanced developing economies within the multilateral trading systemโ€ and โ€œsends a strong signal of support for WTO reform, helping foster a more level playing field for all members.โ€She added that the decision โ€œwill energise discussions and help the WTO work toward a more agile and effective organisation for the 21st century.โ€



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