China Drops Landmark WTO Dispute Against EU

China Drops Landmark WTO Dispute Against EU
The headquarters of the World Trade Organization (WTO) is seen in Geneva, Switzerland, on Dec. 11, 2019. Robert Hradil/Getty Images
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China on June 15 dropped its landmark World Trade Organisation (WTO) dispute aimed at forcing the European Union to recognize it as a market economy in trade investigations.

The WTO is a collection of 160 countries that cooperate on international trade matters under negotiated rules, and is overseen by an administrative system based in Brussels, Belgium.