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  • Montgomery (United States) (AFP) - 12/13/2017 - 04:38

    Alabama Democrat Jones projected to win US Senate race

  • United Nations (United States) (AFP) - 12/13/2017 - 01:37

    UN envoy says North Korea agrees on need 'to prevent war'

  • Seoul (AFP) - 12/12/2017 - 23:28

    Kim vows to make N.Korea 'world's strongest nuclear power': KCNA

  • Washington (AFP) - 12/12/2017 - 22:45

    US ready for North Korea talks 'without preconditions'

  • New York (AFP) - 12/12/2017 - 22:08

    Dow, S&P 500 end at records as banking shares gain

  • Sao Paulo (AFP) - 12/12/2017 - 21:41

    Brazil court to rule on Lula jail sentence Jan 24

  • Monrovia (AFP) - 12/12/2017 - 18:56

    Liberia presidential runoff set for Dec 26: election panel

  • Caracas (AFP) - 12/12/2017 - 18:01

    Venezuela's ex-oil boss under investigation for graft

  • Paris (AFP) - 12/12/2017 - 16:33

    'We're losing the battle', Macron tells Paris climate talks

  • Paris (AFP) - 12/12/2017 - 16:26

    With fossil fuel subsidies, humanity investing in 'own doom': UN chief

  • Moscow (AFP) - 12/12/2017 - 16:19

    Russia suspends diplomatic presence in Yemen

  • London (AFP) - 12/12/2017 - 15:43

    Ireland-based Ryanair pilots to strike on December 20

  • Brussels (AFP) - 12/12/2017 - 13:44

    Stoltenberg reappointed as NATO chief until 2020: statement

  • Paris (AFP) - 12/12/2017 - 13:28

    World Bank to stop financing oil, gas projects from 2019

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    Two Palestinians killed in Gaza, Israel denies claim of attack

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    S.Sudan clashes leave more than 170 dead: lawmaker

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    Man held over jihadist murders of French police couple

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    Recognising Jerusalem as Israel's capital 'makes peace possible': Netanyahu

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    EU's Mogherini condemns 'all attacks on Jews everywhere'

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    Philippines' Duterte seeks martial law extension for south

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US, EU and Japan up the pressure on China at WTO

AFP / Juan MABROMATA EU Trade Commissioner Cecilia Malmstroem, Japan's trade minister Hiroshige Seko and US representative Robert Lighthizer agreed to strengthen their committment to "ensure a global level playing field"

The United States, European Union and Japan jointly rounded on China's "market-distorting subsidies" at the World Trade Organization conference in Argentina Tuesday.

A joint statement from the three powers made no direct mention of China, but said "severe excess capacity in key sectors, exacerbated by government-financed and supported capacity expansion, unfair competitive conditions caused by large market-distorting subsidies and state-owned enterprises" were serious problems for international trade.

EU Trade Commissioner Cecilia Malmstroem, Japan's trade minister Hiroshige Seko and US representative Robert Lighthizer agreed to strengthen their committment to "ensure a global level playing field."

They said they would work "to eliminate these and other unfair market distorting and protectionist practices."

The US and EU are strongly opposed to China's demand to be seen as a "market economy" by the WTO. Such recognition would entitle China to preferential economic treatment under WTO rules, and remove competitors' special recourse to levy anti-dumping duties on China if it sells goods at unfairly low prices abroad.

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US, EU and Japan up the pressure on China at WTO

AFP / Juan MABROMATA EU Trade Commissioner Cecilia Malmstroem, Japan's trade minister Hiroshige Seko and US representative Robert Lighthizer agreed to strengthen their committment to "ensure a global level playing field"

The United States, European Union and Japan jointly rounded on China's "market-distorting subsidies" at the World Trade Organization conference in Argentina Tuesday.

A joint statement from the three powers made no direct mention of China, but said "severe excess capacity in key sectors, exacerbated by government-financed and supported capacity expansion, unfair competitive conditions caused by large market-distorting subsidies and state-owned enterprises" were serious problems for international trade.

EU Trade Commissioner Cecilia Malmstroem, Japan's trade minister Hiroshige Seko and US representative Robert Lighthizer agreed to strengthen their committment to "ensure a global level playing field."

They said they would work "to eliminate these and other unfair market distorting and protectionist practices."

The US and EU are strongly opposed to China's demand to be seen as a "market economy" by the WTO. Such recognition would entitle China to preferential economic treatment under WTO rules, and remove competitors' special recourse to levy anti-dumping duties on China if it sells goods at unfairly low prices abroad.

AFP / Juan MABROMATA EU Trade Commissioner Cecilia Malmstroem, Japan's trade minister Hiroshige Seko and US representative Robert Lighthizer agreed to strengthen their committment to "ensure a global level playing field"

The United States, European Union and Japan jointly rounded on China's "market-distorting subsidies" at the World Trade Organization conference in Argentina Tuesday.

A joint statement from the three powers made no direct mention of China, but said "severe excess capacity in key sectors, exacerbated by government-financed and supported capacity expansion, unfair competitive conditions caused by large market-distorting subsidies and state-owned enterprises" were serious problems for international trade.

13 Dec 2017

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