USA, CHINA, STRIKE ANTI-SUBSIDY DEAL ON CHINESE ‘MAJOR BRANDS’ DISPUTE
January 1st, 2010
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 body lotion, liquid detergent, soap and fancy soap. Washington had argued these China-christened 'famous brands' handouts were export subsidies banned by the World Trade Organisation (WTO). Claiming there were "dozens" such subsidies, US Trade Representative (USTR) Ron Kirk said he was "very pleased" with their "full elimination..." The deal covers exports to all WTO members, ...
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