USA, CHINA, STRIKE ANTI-SUBSIDY DEAL ON CHINESE ‘FAMOUS BRANDS’ DISPUTE

BY KEITH NUTHALL

THE UNITED States is claiming victory in a trade dispute with China, after Beijing announced it would scrap subsidies for products including automotive parts and vehicles. Washington had launched formal disputes proceedings at the World Trade Organisation (WTO), where it argued these China-christened 'famous brands' handouts were export subsidies banned under WTO rules. Claiming there were "dozens" such subsidies, US Trade Representative (USTR) Ron Kirk said: "I am very pleased we have signed an agreement with China ...


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