US Blasts WTO Rules Treating China As Developing Country
By Tiffany Hu (January 17, 2019, 7:58 PM EST) -- The U.S. on Wednesday published a paper taking the World Trade Organization to task for its rules allowing countries such as China to continue earning preferential treatment as "self-declared" developing countries, notably pointing to Beijing's growth since the trade body's inception.
Regardless of whether the rules allowing member states to claim developing status and earn "special and differential treatment" were reasonable during the trade body's creation in 1995, the approach makes "no sense today," the U.S. said.
Citing data revealing the social and economic growth of China, India and other countries, the U.S. warned that if the policy was left unchanged...
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