European Commission targets WTO’s key rule in push to rebalance China trade
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Euronews.com
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The EU is reconsidering the WTO's 'Most Favoured Nation' principle due to its widening trade deficit with China, proposing to link low tariffs to reciprocal market access. This comes as European companies face barriers in China, and the issue will be discussed at the upcoming WTO ministerial conference in Cameroon. Critics argue that China has not adhered to WTO practices since joining in 2001, and the global trade landscape has shifted significantly. Teljes cikk (Euronews.com)