Original article by Andrew Tillett
The Australian Financial Review – Page: Online : 27-Sep-19
China’s embassy in Canberra has rejected suggestions by Prime Minister Scott Morrison that China should be regarded as a ‘developed’ nation for World Trade Organisation purposes. The embassy noted that China’s GDP per capita is 17 per cent of Australia’s GDP per capita, while the gap between its rich and poor is too great for it to lose the trade concessions it currently enjoys as a ‘developing’ nation under WTO rules. The embassy claimed Morrison was essentially repeating US grievances about China and trade.
CORPORATES
WORLD TRADE ORGANIZATION AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET