US accuses China of illegal export backing


(MENAFN) The US announced that it has filed a new complaint at the World Trade Organization over alleged Chinese export subsidies to seven industries, The Peninsula Qatar reported.

China "seems to provide" WTO-prohibited support for exports through a special program that helps producers across the country to export, the US Trade Representative said.

"Export subsidies provide an unfair advantage to a vast array of Chinese exporters and are expressly prohibited under WTO rules," the USTR office said in a statement.


MENAFN

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