US formally opposes China market economy status at WTO


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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s