China gives few benefits in the World Trade Organization…

Whether China is a “developing” or a “developed” country for the purposes of the World Trade Organization matters a lot to the US President.

President Donald Trump ignited a new front in the US-China trade war in July by tweeting that the world’s richest nations were masquerading as developing countries to get special treatment.

They were “cheating“, according to Trump.

He directed the US Trade Representative to “use all available means to secure changes” at the WTO.

Then Australia joined in. While in the United States, Prime Minister Scott Morrison referred to China as a “newly developed economy“, and backed Trump, saying that “obviously, as nations progress and develop then the obligations and how the rules apply to them also shift”.

China is digging in. It hasn’t resiled from a statement by its commerce ministry spokesman Gao Feng in April:

China’s position on WTO reform has been very clear. China is the largest developing country in the world.

But what’s at stake? In practical terms, almost nothing. Trump and Morrison are demanding something that would give them little.

Full Story: https://www.abc.net.au/news/2019-10-07/china-developing-country-status-world-trade-organisation/11578750

China isn’t cleaning up our mess anymore, and the world can’t handle it!

FOR years, China has acted as the world’s dumping ground for recyclable goods, taking a reported 45 million tonnes of our plastic bottles, tired old clothes, and cereal boxes in 2016 alone.

But Beijing has decided that their nation will no longer be the world’s trash can, imposing a ban on imports of 24 categories of recyclables and solid waste that kicked in on Jan 1, 2018 – and the world is not coping.

After hazardous waste was found mixed in with the “foreign garbage” countries were shipping over to China, Environmental Protection Ministry said no more. Notifying the World Trade Organization back in July, Beijing said that, in order to “protect China’s environmental interests and people’s health,” there would be a change in policy – essentially sticking two fingers up to the waste inundated nations of the west.

Read Full Story Here: https://asiancorrespondent.com/2018/01/china-isnt-cleaning-mess-anymore-world-cant-handle/