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China lauds WTO ruling against the US
December 19, 2014, 5:20 am

The WTO on Thursday criticized the US Department of Commerce saying it "acted inconsistently" after finding some US determinations breached WTO rules [Image: WTO]

The WTO on Thursday criticized the US Department of Commerce saying it “acted inconsistently” after finding some US determinations breached WTO rules [Image: WTO]

China welcomes the World Trade Organization (WTO) decision to reject the appeal by the United States in a trade dispute between the two countries over countervailing duty measures, said a Chinese official late Thursday.

The WTO on Thursday criticized the US Department of Commerce saying it “acted inconsistently” after finding some US determinations breached WTO rules.

The WTO Appellate Body confirmed that the benchmarks applied by the United States in conducting the countervailing duty investigations against certain Chinese products, including solar panels, are against WTO rules.

“China welcomes the decision,” Sun Jiwen, spokesman for the Chinese Ministry of Commerce (MOC), was quoted by a statement on the MOC website as saying.

Meanwhile, Chinese and US officials started meeting on Thursday to grapple with trade disputes that have strained ties between the world’s two biggest economies.

The annual China-US Joint Commission on Commerce and Trade (JCCT) held its plenary session in Chicago on Thursday.

Chinese and American business leaders and entrepreneurs have been invited to attend events of this year’s trade talks.

“We asked Chinese and American private-sector leaders to join us here, in Chicago for a number of events, to share their expertise, and to tell us about the opportunities and obstacles to do more business together,” US Secretary of Commerce Penny Pritzker said at a JCCT forum.

 

TBP and Agencies

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