By Olivia Le Poidevin

GENEVA (Reuters) -China announced on Tuesday it will forego asking for the benefits it gains from its developing country status at the World Trade Organization, state-run news agency Xinhua and the Director-General of the WTO stated.

Xinhua reported that China’s Premier Li Qiang announced his country will no longer seek access to Special and Differential Treatment in current and new WTO agreements during a meeting on the sidelines of the UN General Assembly in New York.

“This is a culmination of many years of hard work and I want to applaud China’s leadership on this issue,” WTO Director-General Ngozi Okonjo-Iweala said in a statement posted on X.

Previously, Washington had argued there could be no meaningful WTO reform until China and other major economies relinq

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