news agency

US: after 20 years in the WTO, China still does not change its bad practices

About 20 years after China’s entry into the World Trade Organization (OMC), that country has used that membership to establish itself as the largest global exporter, but it still does not dismantle commercial practices incompatible with the free market, assured the United States delegation to the organization.

“The members of the WTO hoped that China would dismantle these policies and practices forever, but that expectation has not been met, nor does it seem that China intends to change,” said the charge d’affaires of the United States delegation to the organization today. , David Bisbee.

“Instead, China has used its WTO membership license to become the organization’s largest trader, maintaining a statist and not a free-market stance, to the detriment of US workers and companies and others. countries ”, assured the diplomat.

These criticisms were launched in the periodic review of China’s trade practices at the WTO, where other members also expressed concern about certain practices of the Asian giant, including Japan or Australia, although the main criticisms came from the United States.

According to Bisbee, the most controversial policies of the communist regime are industrial policies, which “go far beyond supporting national companies” and actually “distort the playing field to the detriment of imported products and services.”

Among those harmful policies, according to the United States, they range from “strong subsidies that cause serious and persistent overcapacity” to preferential treatment for Chinese companies, information restrictions, or inadequate application of intellectual property laws.

“Nor can we ignore information that accuses China of the use of forced labor in various sectors,” as well as the “economic coercion” that Beijing exercises against WTO members who criticize the trade policy of the Asian country within this organization.

Bisbee stressed that the United States has opened 27 trade disputes against China within the WTO in these two decades, “winning in all cases that have been closed,” although he regretted that Beijing has not changed in many cases the bad practices that had been denounced in those lawsuits.

.

You may also like

Hot News

TRENDING NEWS

Subscribe

follow us

Immediate Access Pro