Taiwan quits 'developing economy' status in WTO with eye on China

New designation projects cooperation as US attacks Beijing's benefits

Kaohsiung Harbor hosts a major port in Taiwan. Taipei hopes to raise its profile by making a show of international cooperation through shedding the preferential treatment for developing WTO members.

KENSAKU IHARA, Nikkei staff writer

October 17, 2018 04:03 JST

TAIPEI -- Taiwan has decided to give up its developing economy status in the World Trade Organization, trying to distinguish itself from mainland China as U.S. President Donald Trump rails against the preferential treatment Beijing enjoys as a nation still catching up to the West.