Weyand proposes WTO plurilateral on ‘competitive neutrality’ led by EU, U.S.

The U.S. and European Union should address the rise of China by leading a new initiative at the World Trade Organization to develop rules to ensure “competitive neutrality,” a top EU trade official said on Wednesday, citing industrial subsidies, state-owned enterprises and forced technology transfers as part of the scope. European officials have looked to refresh the trans-Atlantic relationship, with China a key part of their proposed joint agenda. The Biden administration has also promised to work more closely with...