China defends WTO’s most-favoured nation principle after US, EU challenge rule
Beijing warns reforms could let powerful nations dominate global trade, marginalizing smaller economies.
Deep Dive
China's Ministry of Commerce has formally defended the WTO's 'most-favoured nation' principle, a core non-discrimination rule, in a new position paper. This comes after the US and EU proposed reforms that could weaken the rule, which mandates equal trade advantages for all members. Analysts note the US breached it with sweeping 2023 tariffs. China argues the principle is essential to prevent a return to a power-based trading system that sidelines smaller countries.
Why It Matters
The fight over this foundational rule will shape global trade fairness, supply chains, and the future of multilateral agreements.