US Accuses China , of Violating WTO Commitments.
Al Jazeera reports that China has been accused by the United States of failing to meet World Trade Organization (WTO) commitments.
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Al Jazeera reports that China has been accused by the United States of failing to meet World Trade Organization (WTO) commitments.
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On February 16, the Office of the U.S. Trade Representative accused China of failing to open its markets to foreign competition.
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The U.S. also reportedly said that it is exploring a way to combat China's aggressive trade practices.
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In 2001, China had promised to open up to foreign markets when it joined the WTO.
China has instead retained and expanded its state-led, non-market approach to the economy and trade.
China’s policies and practices challenge the premise of the WTO’s rules and cause serious harm to workers and businesses around the world, Katherine Tai, U.S. Trade Representative, via Al Jazeera.
Al Jazeera reports that the U.S. has long accused China of violating the terms of its WTO membership.
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Al Jazeera reports that the U.S. has long accused China of violating the terms of its WTO membership.
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Those alleged violations include:.
Using subsidies and regulations to favor Chinese companies over foreign competitors;.
Inundating world markets with cheap steel and other products; .
And forcing foreign companies, including the U.S., to trade prized technology for access to Chinese markets.
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According to the trade office, the U.S. is investigating new ways , “to use domestic trade tools strategically as needed in order to achieve a more level playing field with China for U.S. workers and businesses.’’
