Chinese Premier Li Qiang reaffirmed China's commitment to equitable global trade during the 80th UN General Assembly, announcing the country will not seek new special treatment in World Trade Organization (WTO) negotiations. The declaration comes as the WTO faces mounting pressure to address disparities between developed and developing economies.
A Shift in Global Trade Dynamics
Premier Li emphasized China's role as "a responsible major developing country," prioritizing collective progress over unilateral advantages. Analysts view this stance as a strategic move to strengthen multilateral cooperation amid rising protectionism and supply chain fragmentation.
Implications for Developing Economies
The pledge aligns with China's broader push for WTO reforms that better safeguard developing nations' interests. "This isn't just about trade rules – it's about reshaping global economic governance," noted Ding Ru, an international law expert at China University of Political Science and Law.
Regional and Global Impact
For Asian markets, China's position could influence upcoming negotiations on digital trade, agricultural subsidies, and environmental standards. Business leaders anticipate more predictable cross-border investment frameworks, while researchers highlight potential shifts in South-South cooperation patterns.
The announcement follows recent agreements to expand China's Belt and Road Initiative partnerships, further integrating development priorities across Asia and beyond.
