in 2016, had submitted to Washington due to “unfair” trading conditions for rice, wheat and Maize of a multi-billion lawsuit with the Geneva-based WTO. According to the Washington distributed in China alone in the year 2015, around 100 billion dollars more in agricultural subsidies than after the accession to the WTO, the people’s Republic of 2001, the agreed conditions would have been admissible.
A WTO court of arbitration gave the United States right now. It pointed to the fact that it did not deal with subsidies for Corn, because China had cancelled the grants, before the U.S. filed the lawsuit. Both sides can appeal the decision within 60 days.
The US trade representative Robert Lighthizer and US agricultural Minister Sonny Perdue welcomed the award as a “significant victory” for the local agriculture . “We expect that China complies with its WTO obligations,” said Lighthizer.
hope of rapid dispute at the end of
In the trade dispute between the United States and China, US President, Donald Trump had stirred up on Monday, hopes for a quick solution. An agreement was “very, very close,” he said. Trump announced a summit meeting with the Chinese head of state Xi Jinping, in which a trade agreement signed should be. An appointment he called.
The trade conflict between the two largest economies in the world, had been fueled for a year around the globe, fears of a downturn in the economy. The United States and China, plated with punitive tariffs on Goods in a total value of more than 360 billion dollars. Trump, the U.S. trade deficit with China is a thorn in the eye. He accused Beijing of unfair practices. (sda)
Created: 01.03.2019, 02:25 PM
