Home / Knowledge / News / Apparel/Garments / China to end export subsidies after US challenge in WTO
China to end export subsidies after US challenge in WTO
15
Apr '16
China is dismantling a rash of subsidies it has been using to boost its exports of agricultural, medical, textile and other goods, US Trade Representative Michael Froman announced on Thursday.

Froman said the US and China have signed an agreement terminating the export subsidies China has provided through the “Demonstration Bases-Common Service Platform” Programme.

Following a dispute brought by the US in the World Trade Organization (WTO), China has effectively terminated the challenged Programme channeling export-contingent subsidies to Chinese enterprises across seven economic sectors, and dozens of sub-sectors, located in more than 179 industrial clusters, the Office of the US Trade Representative said in a press release.

China has terminated the “Common Service Platform” subsidies to “Demonstration Base” enterprises and will remove export-contingent criteria from the “Demonstration Bases”. Termination of prohibited export subsidies under the “Demonstration Bases-Common Service Platform” Programme will help level the playing field for American workers and businesses in the many affected sectors.

“Today we have signed an agreement with China to eliminate export subsidies that the United States challenged because they are prohibited under WTO rules. This is a win for Americans employed in seven diverse sectors that run the gamut from agriculture to textiles to medical products, who will benefit from a more level playing field on which to compete. This agreement once again underscores that President Obama's commitment to enforce our trade rights aggressively to secure real economic results for American workers, farmers, and businesses of all sizes and in every part of the country,” Froman said.

“As a result of USTR's extensive efforts, this agreement addresses all elements of the massive and complex export subsidy programme. China has now issued and provided more than 130 directives, instructions, and notices to address US concerns. The transparency provisions of the agreement give us a solid basis to monitor closely and confirm whether the terms of the agreement are being met.”

Froman said the US win went beyond just stopping Chinese export subsidies. It shows that the US is capable of enforcing trade rules and underlines how the US will make sure that foreign trade partners live up to promises in the 12-country Trans-Pacific Partnership, he explained.

“This agreement shows our dedication to ensuring that American workers and businesses have the opportunity to compete fairly, supporting high-quality US jobs and strengthening the middle class,” Froman said. “It also demonstrates the resolve with which we will enforce the high standards negotiated in the Trans-Pacific Partnership, whether on labour, environment, intellectual property rights or other commercial issues.”

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search