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International News

WTO Dispute Launched By China Against US, EU

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WTO Dispute Launched By China Against US, EU

2016-12-13 02:05:14

On Monday China launched a complaint at the World Trade Organisation against the United States and Europe. It comes after the countries failed to treat China as a market economy and ease their calculations of anti-dumping duties on Chinese goods.
When China joined the WTO in 2001, its accession terms allowed other WTO members to treat it as a non-market economy. Members could use a third country's prices to assess whether Chinese goods were being sold below cost.But part of that clause expired on Dec. 11. China says this means WTO trading partners must drop their use of such surrogate pricing.

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