The United States has accused China of failing to meet its commitments to the World Trade Organization and says it is exploring new ways to combat aggressive Chinese trade practices.
In its annual report on Chinese compliance with WTO rules, the Office of the U.S. Trade Representative said yesterday [Macau time] that China isn’t keeping the promises it made to open its markets to foreign competition when it joined the 164-country Geneva-based agency in 2001.
“China has instead retained and expanded its state-led, non-market approach to the economy and trade,’’ said U.S. Trade Representative Katherine Tai. “China’s policies and practices challenge the premise of the WTO’s rules and cause serious harm to workers and businesses around the world.’’
Among other things, the United States repeated longstanding accusations that China uses subsidies and regulations to favor its own companies at the expense of foreign competitors; floods world markets with cheap steel, aluminum and other products; and forces U.S. and other foreign companies to hand over prized technology as the price of access to Chinese markets. MDT/AP
