PM push to wind back China’s trade benefits

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 24-Sep-19

Prime Minister Scott Morrison has called for an overhaul of the global trading system in response to the economic rise of China. He said China should now be recognised as a newly-developed economy and it should no longer be entitled to concessions under World Trade Organization rules for developing nations. Speaking in Chicago during his official visit to the US, Morrison stressed that global trade rules are outdated and are no longer "fit for purpose", particularly with regard to digital trade. He also emphasised the importance of Australia’s alliance with the US, and said Australia will never take it for granted.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WORLD TRADE ORGANIZATION, CHICAGO INSTITUTE FOR GLOBAL AFFAIRS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED NATIONS. GENERAL ASSEMBLY

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