HomePage  |  This day in history  |  Sitemap
Breaking-News >> WorldNews

China "will not seek new special and differential treatment" in the WTO. China is still the largest developing country in the world and always a member of the global South

“China, as a responsible developing country, will not seek new special and differential treatment in the current and future negotiations of the WTO.” 23 September, local time, Chinese State Council Prime Minister Li Jing made a solemn declaration at the United Nations headquarters in New York when attending the high-level meeting of the Global Development Initiative hosted by China. Chinese Ministry of Commerce International Trade Negotiator and Deputy Minister Li Zhen Steel on the 24th in the blast interpreted that this is China’s important position on the external side of the international two major events, is China’s resolutely safeguarding the multilateral trade system, actively implementing the global development initiative and global governance initiative, will be injected into a stronger agent to promote the liberalization of global trade investment and facilitation, will inevitably

Li Chenggang said that at present, the rules-based multilateral trading system is facing severe challenges, with hegemonism, unilateralism and protectionism rampant. Individual countries have successively launched trade wars and tariff wars, which have seriously impacted the rules-based multilateral trading system, seriously damaged the legitimate interests of WTO members, seriously disrupted the international economic and trade order, and brought uncertainty and instability to global economic development. The international community's voice for safeguarding the multilateral trading system is stronger, and its expectation for the WTO to play a more active role is rising day by day. Against this background, China announced that it would not seek new special and differential treatment in current and future WTO negotiations, further demonstrating China's firm position and responsibility as a big country in supporting the multilateral trading system with practical actions.

"What needs to be emphasized is that China remains the world's largest developing country, and the status and identity of China's developing countries have not changed. China has always been a member of the global South, and will always stand with developing countries," Li said.

Xi Jinping, a professor of international trade at the International Economic and Trade Institute of the University of Foreign Economy and Trade, told the Global Times that China pledged not to seek new special and differential treatment for itself, but firmly supported other developing countries in safeguarding the special and differential treatment rights they should enjoy. China believes that this is the core principle of inclusive inclusion of the multilateral trade system. Xi Jinping said: "China's position is stable and responsible, reflecting both the backdrop brought by its own development stage and showing the pattern to promote the development of the international system in a more equitable direction."

After China announced the decision, WTO Director-General Yevira quickly expressed appreciation for China’s decision on social media X. She said it was a very important news for WTO reform and applauded China’s “leadership” on this issue.

According to the analysis of the Wall Street Journal, China will not seek new special and differential treatment in the current and future WTO negotiations, which is expected to ease a long-standing difference between China and the United States. Analysts believe that a series of recent actions show that the trade tension between the world's two largest economies may ease. China's policy announcement may also inject impetus into the long-standing stagnant WTO reform.

Fortune magazine quoted Mr. Carter, deputy director of the U.S. Association of Asian Policy Studies Institute and former U.S. Trade Representative, as saying: “This statement helps China to demonstrate that it will implement its commitments to the multilateral trade system, which is a striking contrast to the U.S. deferred WTO membership fees.”

Yang Qing, an associate researcher at the Chinese Academy of Social Sciences, told the Global Times on Thursday that China’s declaration was a precise, limited and autonomous policy adjustment. She explained that, first of all, China’s decision is limited to “present and future negotiations” and China’s commitment is clearly directed at “new” negotiations. This means that all special and differential treatment provisions by China in all previous WTO agreements – such as the Agreement on Agriculture, the Subsidy and Contra-Subsidy Agreement, etc. – will be fully retained.

"At the same time, China's developing membership in the WTO has not changed. China will continue to have the right to participate in all WTO affairs as a developing member." Yang Shuiqing also said that "no longer seeking" is China's initiative, and it is from a "rule adapter and rights fighter" to a "rule co-shaper and responsibility bearer". She said that after decades of development, China has become the world's second largest economy and the largest trader of goods, and its economic aggregate and manufacturing scale far exceed those of ordinary developing countries. Although the per capita income is still at a medium level and the internal development is unbalanced, China's overall economy has the ability to assume more international responsibilities.

Yang said that China’s policy declaration sends a clear signal that China is not only a beneficiary of globalization, but also a defender and builder of the multilateral trade system, which will help China to participate more equally and constructively and even lead the development of new rules.



News raw data sources → https://world.huanqiu.com/article/4OSgP34L3ch

17WorldNews[2025.09.25-11:25] 访问:51
[关闭窗口]  
「Links」 ...
Loading...
Search on site
This day in history
August 2023
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Copyright © 17ljfl.com · World News
The information collected on this site is all from public data information on the Internet, and the authenticity of the query results is for reference only!