US alleges that China unfairly helps its exporters

The US is alleging that the Chinese government is unfairly subsidizing its exports in seven industries. The Office of the US Trade Representative says that China paid the suppliers of certain companies in the textile, materials, chemical manufacturing, light industrial, medical products, and agricultural industries almost $1 billion over three years to provide free or discounted services.

The US says that the subsidies violate the WTO rules. These services can range from subsidized IT services, product design services, or training services. “All of these services, provided for free or at a discount undermine fair competition,” says US Trade Representative Michael Froman.

The Office of the US Trade Representative says that it will try to reach a settlement with China at the WTO and if that fails, the US will ask the WTO to rule on the dispute.

The complaint comes as the Obama administration seeks congressional support for the Trans-Pacific Partnership which includes Japan, Australia, Canada, and Mexico but excludes China.

See the full and original article here:–finance.html

22 thoughts on “US alleges that China unfairly helps its exporters

  1. wonderful put up, very informative. I ponder why the opposite specialists of this sector do not realize this. You must continue your writing. I am sure, you have a huge readers’ base already!

  2. Ita??a?аАа’аАТ‚аЂ s really a nice and useful piece of information. Ia??a?аАа’аАТ‚аЂ m satisfied that you shared this helpful info with us. Please stay us informed like this. Thank you for sharing.

  3. With every thing that seems to be developing inside this subject material, your perspectives happen to be fairly refreshing. Having said that, I appologize, but I do not subscribe to your whole suggestion, all be it radical none the less. It appears to us that your comments are actually not totally validated and in fact you are generally yourself not really totally certain of your assertion. In any event I did enjoy looking at it.

Leave a Reply