CGTN
Published on Nov 30, 2017
The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status. If this position is upheld, Washington could maintain high anti-dumping duties on Chinese goods. The statement was made public on Thursday. It was submitted as a third-party brief supporting the European Union, in a dispute with China that could have significant repercussions for the WTO’s future. China is urging the EU for recognition as a market economy. The designation would lead to dramatically lower anti-dumping duties on Chinese goods, by prohibiting the use of third-country price comparisons.
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