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

Pic: Shutterstock

Textiles | On 18th Feb 2020

Turkey, Pak want to raise bilateral trade volume to $5 bn

Turkey and Pakistan want to raise bilateral commercial and economic...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

Bangladesh RMG exporters expect order shift from Cambodia

Bangladesh's readymade garment (RMG) exporters feel the suspension of ...

Pic: Shutterstock

Apparel/Garments | On 18th Feb 2020

GMAC dissatisfied with EU following partial EBA suspension

Expressing disappointment over the February 12 decision by the...

Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Herbert Guebeli,

Herbert Guebeli

Switzerland-based Sedo Engineering develops technologies for the denim...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

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

Leave your Comments


February 2020

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


Advanced Search