October 26, 2021
2 mins read

China draws fire for breaking trade rules

The US was far from alone in complaining about China’s failure to live up to its obligations under the WTO….reports Asian Lite News

The US and a number of its closest allies have used a periodic review of Chinas trade policy by the World Trade Organization (WTO) to vent their anger at Beijings unwillingness to conform with rules meant to establish a level playing field for all participants in the global exchange of goods and services, VOA reported.

The regularly scheduled Trade Policy Review, which allows China’s trading partners to make official statements about policies to which they object, came last week as China marks 20 years of membership in the WTO, a group that works to establish rules for trade among its 164 member countries.

“When China acceded to the WTO 20 years ago, WTO members expected that the terms set forth in China’s Protocol of Accession would permanently dismantle existing Chinese policies and practices that were incompatible with an international trading system expressly based on open, market-oriented policies,” said David Bisbee, who is serving as the charge d’affaires ad interim of the US Mission to the WTO in Geneva, the report said.

“But those expectations have not been realized, and it appears that China has no inclination to change,” he continued in prepared remarks.

“Instead, China has used the imprimatur of WTO membership to become the WTO’s largest trader, while doubling down on its state-led, non-market approach to trade, to the detriment of workers and businesses in the United States and other countries.”

The US was far from alone in complaining about China’s failure to live up to its obligations under the WTO.

Representatives from various governments around the globe catalogued a long list of ways in which they said China bends or breaks the rules, the report said.

Among other things, they said that China distorts markets by subsidizing state-owned firms, ignoring intellectual property rights, limiting foreign firms’ access to its markets, using forced labor in some manufacturing and agricultural sectors, coercing smaller governments to accept unfair trade practices, and more, the report added.

ALSO READ: China conducts 1st underwater explosion test

ALSO READ: China’s phone shipments reach 249 mn units

Previous Story

MPs demand answers over spy agencies’ deal with Amazon

Next Story

Whistleblower Haugen tears apart FB’s transparency claim

Latest from -Top News

‘Op Sindoor’ Team Wraps Up Saudi Visit

The visit reaffirmed the shared commitment of India and Saudi Arabia in the fight against terrorism….reports Asian Lite News Riyadh, May 30 (IANS) The Indian all-party delegation, led by BJP MP Baijayant

Visa Interview Pause Nearing End, Says US

India is the source country for the largest group of international students in the US and Bruce’s comments will be closely followed there….reports Asian Lite News The United States said the pause

White House: Israel OKs Gaza Truce

Hamas said Thursday that its leadership had received a new Gaza ceasefire proposal from Witkoff through the mediators and was studying it…reports Asian Lite News The White House said that Israel has

No Talks Till Terror Ends: India to Pakistan

The MEA’s strong response came at a time when Pakistan, pushed on the backfoot by India’s decisive Operation Sindoor, has suddenly started talking about its intent on having peace talks with India….reports

BNP ramps up poll demand

Chief Adviser Yunus had earlier promised elections in December 2025, but the timeline has since been pushed back first to February 2026 and then to June 2026, fuelling suspicion and dissatisfaction among
Go toTop

Don't Miss

Russian, Chinese bombers intercepted near Alaska

The incident underscores evolving dynamics in Arctic security, where traditional

Xi Jinping has his way

The way Xi asserted that China’s zero-COVID policy was good