China to stop claiming special WTO benefits that rankled U.S.

Prime Minister Lee Qiang announced on Tuesday in New York that the country will stop searching for new “special and differential” rights in any current and future World Trade negotiations, according to the state -run news agency, and a statement by the president of the World Trade Organization on X. LI is currently in the United States to attend the United Nations General Assembly.

The General Manager of the World Trade Organization Ngzi Okonjo-Eyala welcomed the decision on X, describing it as “the culmination of many years of hard work” and thanked the leadership of China.

This gesture is important at a time when the US higher definitions force China to transform more of its exports to the growing economic powers from Latin America to Africa and Southeast Asia, a batch that began to meet resistance all over the world.

While Beijing is looking to negotiate a more trade deal always with the United States, it is also likely to be an attempt in favor of President Donald Trump, who has long been subjected to appointment that he said was unfairly applied to the second largest economy in the world.

The issue of China’s status was also one of the issues of negotiations on the reform of the World Trade Organization.

Earlier this year, trading heads from all over the Asia and Pacific region, including the United States and China, recognized the importance of the organization to achieve commercial issues and the need for its rules with the call for “meaningful, necessary and comprehensive reform to improve all its functions.”

The development of the nation’s condition is announced and provides various benefits for the members of the World Trade Organization, including the longest time frameworks for implementing the agreements. China has long described itself as the largest developing country in the world, with a focus on this position to demand a leadership role for other emerging countries.

Although China, which lasted, has turned the world’s largest economy for trade and manufacturing, the United Nations still classifies it as a developing country. The first rank is ranked outside the top 50 in the world by the GDP of the individual, according to the International Monetary Fund, under Serbia and before Montenegro and Turkmenistan.

In 2019, Foreign Minister Wang Yi said that China declares that a “advanced” nation in international affairs represents a form of inequality. Earlier this year, he described his country as a “natural member” in the global south because of a “common history in combating colonialism and hegemony and the task of development and common activation.”

Although it is no longer eligible for special treatment, the situation of China as a developing country will not change, but Han Young, the official of the Ministry of Commerce responsible for relations with the World Trade Organization, told reporters in Beijing on Wednesday.

The announcement is “it is too late.”

“In light of the absence of the agenda of the World Trade Organization for negotiation and the slow reform efforts, the advertisement – welcoming – will not have a little practical impact,” Katler said. But “Beijing will help make its permanent commitment to the multilateral trading system, in the sharp contrast to Washington, who maintains its dues to the organization.”

Beijing was placed in placing himself as a hero for developing countries, and the decision was depicted as an extension of this effort. China has sought to partially confront the United States -led global system by flirting with the global south.

The Ministry of Commerce said in a statement that China’s move to not demand the benefits “is an important measure to protect and strengthen the multilateral trading system” and will highlight “China’s role as a major developing country.”

She said it was “an important measure to implement the Global Development Initiative and the Global Governance Initiative,” referring to two political proposals from China in recent years to reform global affairs. The announcement by LI at the event came at the Global Development Initiative, according to Linkhua.

The United States was criticizing China to continue to demand a developing situation. “The United States has never accepted China’s demand for developing countries, and almost every current economic indicator restores China’s claim,” Trump said in 2019 during his first term.

The representative of the American trade and the White House immediately did not respond to more information about the advertisement.

The issue of the situation of China extends beyond global trade because it is a great attached point for climate negotiations as well.

The developed countries are supposed to contribute to a fund worth $ 100 billion annually to help emerging countries pay the price of climate reforms. But although China is now the largest emitter in the world, its designation means that it does not push the box – a position criticized by Europe and the United States

Despite the change announced by China, we are unlikely to remove a set of tensions between Beijing and Washington on trade and other issues. Chinese exports are still growing strongly, increasing by almost 6 % in the first eight months of this year to reach a record for that period.

Lee Chenggang, the chief trading actor in China, attacked the policies of the United States on Wednesday, a few hours after the World Trade Organization announced with a warning that “dominance, biologist and fever is rampant.”

“At the present time, the multilateral trade system is facing the bases with great challenges,” he told me, who is also the Deputy Minister of Commerce, to journalists in Beijing. “A certain country launched a commercial war, then an introductory war, which strongly harms the legitimate interests of the members of the World Trade Organization and strongly disrupted the world trade, and brought aspects of uncertainty and instability to the global economy.”