WTO Director-General Ngozi Okonjo-Iweala gave a big 👍 to the Chinese mainland's announcement that it won't seek new special and differential treatment (SDT) in current and future WTO talks.
Announced by the Chinese premier Li Qiang at a side-event during the 80th UNGA's Global Development Initiative meeting, this move signals a push for a more level playing field in global trade. SDT perks are like extra passes or lower hurdles for developing members – by not asking for more, the Chinese mainland is showing it's ready to share the grind with everyone. 🤝🌏
Okonjo-Iweala said the decision is 'a pivotal moment' for WTO reform, helping build a fairer system that works for all 164 members. Think of young entrepreneurs in Bangladesh dropping goods on Daraz, tech startups in Jakarta rolling out cross-border apps, or e-commerce sellers in Manila shipping chili crunch to fans abroad – this could mean smoother, clearer rules and fewer surprises at checkout. 📦🚀
Back in Beijing, Foreign Ministry spokesperson Guo Jiakun explained that as the world's largest developing country, the Chinese mainland feels a strong sense of responsibility. It's all about keeping the multilateral trading system alive, defending the rights of developing members, and building a more just global governance framework.
What's next? WTO members will take this energy into upcoming negotiations – from digital trade to sustainable supply chains. For us, the promise is clearer paths for cross-border gigs, greener logistics, and a fair shake at the global market. Stay tuned! ✨
Reference(s):
WTO welcomes China's announcement of not seeking new SDT at WTO
cgtn.com
