(Industry Week – Rob Lever, Agence France-Presse)
On December 21 the U.S. announced that China will end a series of “famous brand” subsidies for a range of goods that Washington challenged as illegal at the World Trade Organization. The office of the U.S. Trade Representative said the countries signed an agreement to settle a complaint filed last December with the WTO challenging an array of programs viewed as improper export subsidies.
“Export subsidies are illegal under WTO rules,” the USTR said. “The termination of the subsidies will level the playing field for American workers in a wide range of manufacturing and export sectors, including household electronic appliances, textiles and apparel, light manufacturing industries, agricultural and food products, metal and chemical products, medicines and health products.”
The case centers on China's “Famous Export Brand” program and the “China World Top Brand” program under which the government set out criteria for export aid. Enterprises involved in the programs had been entitled to various government aid, including what Washington said appeared to be financial support tied to exports. Read more here.
Showing posts with label Export Subsidies. Show all posts
Showing posts with label Export Subsidies. Show all posts
Monday, December 21, 2009
Friday, March 27, 2009
U.S. Mulling whether to Revive Dairy Export Subsidy
(FlexNews – Reuters)
The Agriculture Department is in discussions with other U.S. agencies whether it is appropriate to revive dairy export subsidies as a response to U.S. surpluses, said Agriculture Secretary Tom Vilsack on Thursday. Vilsack said consultations included the U.S. trade representative and the State Department and that the ramifications on U.S. trade policy were among the issues. "We are in the process of having discussions with them," said Vilsack during a telephone news conference to announce the donation of surplus dairy products to U.S. feeding programs. He did not say when there would be a decision "if that is a feasible option."
The Agriculture Department is in discussions with other U.S. agencies whether it is appropriate to revive dairy export subsidies as a response to U.S. surpluses, said Agriculture Secretary Tom Vilsack on Thursday. Vilsack said consultations included the U.S. trade representative and the State Department and that the ramifications on U.S. trade policy were among the issues. "We are in the process of having discussions with them," said Vilsack during a telephone news conference to announce the donation of surplus dairy products to U.S. feeding programs. He did not say when there would be a decision "if that is a feasible option."
Friday, December 26, 2008
US Investigation Hits Chinese Export Subsidies
(Journal of Commerce)
The Department of Commerce announced its preliminary findings in its anti-subsidy investigation against Chinese exporters of kitchen-appliance shelving and racks from China.
The agency found that several Chinese exporters have received net countervailable subsidies ranging from 13.22 to 197.17 percent.
As a result of its findings, Commerce will instruct Customs and Border Protection to suspend liquidation of entries of subject merchandise and to collect a cash deposit or bond based on these preliminary rates. Commerce expects to issue its final determination in the case in May, 2009.
The U.S. petitioners in the Commerce investigation were Nashville Wire Products; SSW Holding Co.; the United Steelworkers, and the International Association of Machinists and Aerospace Workers. Read more here.
The Department of Commerce announced its preliminary findings in its anti-subsidy investigation against Chinese exporters of kitchen-appliance shelving and racks from China.
The agency found that several Chinese exporters have received net countervailable subsidies ranging from 13.22 to 197.17 percent.
As a result of its findings, Commerce will instruct Customs and Border Protection to suspend liquidation of entries of subject merchandise and to collect a cash deposit or bond based on these preliminary rates. Commerce expects to issue its final determination in the case in May, 2009.
The U.S. petitioners in the Commerce investigation were Nashville Wire Products; SSW Holding Co.; the United Steelworkers, and the International Association of Machinists and Aerospace Workers. Read more here.
Monday, December 22, 2008
China Protests Latest U.S. Trade Case at WTO
(Reuters – Ben Blanchard)
China said on Sunday it had consistently respected the rules of the World Trade Organization and would work with the WTO on a suit lodged against it by the United States aimed at halting export subsidy programs.
The United States began legal action at the WTO on Friday to halt Chinese government subsidy programs to boost the sale of Chinese-branded goods around the world. The subsidies benefit a wide range of Chinese industrial sectors, including household electronic appliances, textiles and apparel, a range of light manufacturing industries, agricultural and food products, metal and chemical products, medicines and health products, the U.S. Trade Representative’s Office said.
The subsidies include cash grant rewards for exporting, preferential loans for exporters and payments to lower the cost of export credit insurance, the USTR said.
However, China’s Commerce Ministry, in a short statement on its website said China respected the rules. “China has all along respected the rules of the WTO, and opposes trade protectionism,” it paraphrased an unnamed official as saying. “China will deal with (the suit) in accordance with WTO rules.” Read more here.
China said on Sunday it had consistently respected the rules of the World Trade Organization and would work with the WTO on a suit lodged against it by the United States aimed at halting export subsidy programs.
The United States began legal action at the WTO on Friday to halt Chinese government subsidy programs to boost the sale of Chinese-branded goods around the world. The subsidies benefit a wide range of Chinese industrial sectors, including household electronic appliances, textiles and apparel, a range of light manufacturing industries, agricultural and food products, metal and chemical products, medicines and health products, the U.S. Trade Representative’s Office said.
The subsidies include cash grant rewards for exporting, preferential loans for exporters and payments to lower the cost of export credit insurance, the USTR said.
However, China’s Commerce Ministry, in a short statement on its website said China respected the rules. “China has all along respected the rules of the WTO, and opposes trade protectionism,” it paraphrased an unnamed official as saying. “China will deal with (the suit) in accordance with WTO rules.” Read more here.
Subscribe to:
Posts (Atom)
