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South Korea to give up developing country status in WTO talks

Friday, October 25, 2019, 7:45 PM

South Korea will no longer seek special-treatment reserved for developing countries by the WTO in future negotiations given its enhanced global-economic-status, its finance minister said. In late July, US President Donald Trump put pressure on the WTO to change how it designates developing countries, singling out China, with which the United States is engaged in a trade war, for unfairly getting preferential treatment.

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