China defends WTO’s most-favoured nation principle after US, EU challenge rule
China has defended the World Trade Organization’s non-discrimination principle after the United States and the European Union recently proposed reforms that could weaken it – though analysts say the rule would likely remain despite deepening divisions within the global trading system. Beijing called for “most-favoured nation treatment” to remain the “bedrock” of the WTO, in a new position paper on reforming the international body. The rule mandates that any trade advantage granted to one country...
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China defends WTO’s most-favoured nation principle after US, EU challenge rule
China has defended the World Trade Organization’s non-discrimination principle after the United States and the European Union recently proposed reforms that could weaken it – though analysts say the rule would likely remain despite deepening divisions within the global trading system. Beijing called for “most-favoured nation treatment” to remain the “bedrock” of the WTO, in a new position paper on reforming the international body. The rule mandates that any trade advantage granted to one country...
By Xinyi Wu
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