Peking regrets, that the USA have submitted the claim against China
4 February 2007The USA has submitted to Friday in the World trading organization (WTO) the new claim against China. They accuse Peking of reception of unfair competitive advantages in trade due to a tax policy and support by the government of the Chinese companies and firms.
Explaining this step, the representative of the USA at trading negotiations in a rank of member of the cabinet Susan Schwab has declared that Washington will resolutely achieve the «alignment of a platform» so that the American corporations competed with Chinese on equal.
According to experts, the submission of claim in Geneva entails opening trading consultations between the participants of dispute. If they do not bring desirable result, it will be necessary to define right and guilty to corresponding body of WTO. If it recognizes claims of the USA fair, and Peking will not refuse subsidizing the companies, Washington will acquire the right to enter compensatory economic sanctions against China.
China possesses enormous proficiency in bilateral trade from the USA. The American authorities and business consider this skew as a consequence of unreasonable course and a tax policy of Peking and demand its updating.
The Chinese party regrets, that the USA has submitted to the World trading organization the claim against China. It was declared today by the official representative of the Ministry of commerce of China.
Also the representative of the Ministry of commerce of China has declared that China and the USA support constant bilateral consultations concerning our measures of subsidizing of the export goods. And despite of this the USA submit claim to the WTO. China expresses regret, and now studies the submitted claim.
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