China gives up WTO developing-country status as tariff tensions linger

euronews (in English)

China gives up WTO developing-country status as tariff tensions linger  The US has long argued China should give up the developing-country status because it is the world’s second-largest economy.  READ MORE : http://www.euronews.com/2025/09/24/china-gives-up-wto-developing-country-status-as-tariff-tensions-linger  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Transcript

00:00China says it will no longer claim developing country status under the World Trade Organization

00:07agreements, a change long demanded by the United States. The developing country status gave Beijing

00:15softer market opening requirements, longer transition periods and exemptions from

00:21contributing to a climate change fund.

00:30In the future discussion, we don't need new, special and different options. We can further

00:37demonstrate that the Chinese, with the actual action of the international trade, is a strong

00:43position and a big responsibility.

00:47Commerce industry officials said the step was an attempt to boost the global trading system

00:51at a time when it's under threat from tariff disputes and protectionist policies. The WTO's

00:57head praised China's decision and called it key to reform. But the European Commission

01:01urged Beijing to go further.

01:03Thank you, Finbar. I'll answer this with my trade hat on. We welcome China's decision to

01:08no longer avail itself of developing country status in future trade agreements. But I

01:12would also recall that we firmly believe China should stop availing itself of developing country

01:17status under also existing agreements.

01:20China is currently a middle-income country although has increasingly provided loans and technical

01:26assistance in infrastructure projects around the world.

Category

Transcript

Be the first to comment

Recommended