In a bold move at the WTO's second General Council meeting of 2025 in Geneva, China expressed grave concern over U.S. 'reciprocal tariffs' and called on members to unite for a stable and open trade system. This written proposal highlights the belief that a rules-based order benefits all nations in today’s dynamic global market.
The Chinese delegation emphasized three key pillars for fostering a healthier trade environment:
- Stability 🤝: Urging WTO members to work together, stabilize trade relations, increase transparency, and strengthen monitoring.
- Development 🚀: Advocating for expanded market access for least developed countries and enhanced trade assistance for developing nations.
- Reform 🔧: Calling for urgent WTO reforms to address emerging challenges such as climate change, supply chain resilience, and the integration of new agreements like the Investment Facilitation for Development Agreement and the Electronic Commerce Agreement.
This initiative has received widespread support from various WTO members, including Brazil, Russia, Pakistan, and Antigua and Barbuda, who underscored the importance of upholding the most-favored-nation principle while taking collective action. The proposal reflects a proactive approach to safeguarding a trade system that resonates with the needs of a rapidly evolving global economy.
For the digitally savvy and globally minded youth, this call for unity is not just about economics; it’s a reminder that in the face of challenges, working together is key—just like your favorite team coming together for a win! 😎
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China expresses concern over U.S. 'reciprocal tariffs' at WTO
cgtn.com
