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    US takes China to WTO over subsidies
    China National News
    Saturday 20th December, 2008  
    (IANS)


    The US is taking China before the World Trade Organization (WTO) to stop a series of subsidies that give Chinese exporters an unfair advantage, the government said Friday.

    In a complaint filed with the Geneva-based WTO, the world's official arbiter of trade disputes, the US said China has been providing subsidies across its export industries under its 'Famous Brands' programme that are illegal under world trade rules.

    The subsidies include cash grants, preferential loans and research funding for companies that export goods abroad, the US said.

    'We were disturbed to find that China still appears to be using WTO-illegal measures to promote its exports, ranging from textiles and refrigerators to beer and peanuts,' US Trade Representative Susan Schwab said in a statement.

    We are going to the WTO today because we are determined to use all resources available to fight industrial policies that aim to unfairly promote Chinese-branded products at the expense of American workers,' she said.

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    Comments on this story

    By fish, 12-20-08, 05:53 PM

    US takes China to WTO over subsidies

    Does these complaints have merits when the US (and lesser extent, the European countries) is the one openly giving obscene amounts of bailout/subsidy money left and right to its banks, auto industries, agribusiness and many other domestic businesses destined for exports, thus squeezing out the many developing and under developed countries? Think of the poor countries that cannot even afford to think of bailing out, nor have the resources to fight the powerful US industrial policies. No point wasting time. This is kettle calling the wok BLACK.

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