Summary:
- The article discusses the European Union's (EU) proposal for reforming the World Trade Organization (WTO), particularly the concept of "most-favored nation" (MFN) treatment.
- The article explains that the EU is suggesting changes to the way "development" is defined and applied in the WTO, which could impact the special and differential treatment (S&DT) provisions for developing countries.
- The article analyzes the potential implications of the EU's proposal, including the possibility of the end of the traditional understanding of MFN as we know it, and the potential impact on the global trading system.