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BIZCHINA / Top Biz News
WTO to rule on US, Mexcican allegations of Chinese subsidies
(Xinhua)
Updated: 2007-09-01 14:32
The World Trade Organization (WTO) launched an expert panel on Friday to
probe whether China is illegally subsidizing its industrial exports as
alleged by the United States and Mexico.
The United States first filed the case to the WTO in February and later
was joined by Mexico. The two countries complained that China was using
tax breaks and other incentives to "subsidize" its exports, which might
violate WTO regulations.
At Friday's meeting of the WTO's Dispute Settlement Body, China again
defended its position, saying its tax measures mentioned by the United
States and Mexico in the case are consistent with WTO regulations.
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It is "very disappointing and deeply regrettable" that the United States
and Mexico pursue this matter further by requesting the establishment of
the panel for a second time, the Chinese delegation said in a statement.
The United States and Mexico had requested for a WTO panel on the dispute
last month, but was rejected by China according to related WTO
regulations.
"In the panel process, China will defend its position and interests and
remain confident that relevant measures of China are consistent with its
WTO obligations," the statement added.
In a separated case on Friday, China blocked an initial request by the
United States for a WTO panel to investigate China's protection and
enforcement of intellectual property rights (IPR).
"China consistently spares no efforts to enforce its IPR legislation with
great success acknowledged by the international community," the Chinese
delegation said in a statement.
(For more biz stories, please visit Industry Updates)
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