US seeks to deny China market economy status in WTO – FT
In the 40-page filing seen by the Financial Times, “the US rejects Beijing’s argument that under the 2001 conditions of China’s accession to the WTO it would automatically be considered a market economy 15 years after joining when it faced anti-dumping cases from fellow members.”
Key Points:
‘The US move to oppose China’s longstanding efforts to be recognized as a market economy in the WTO came in a legal submission filed last week and due to be released publicly on Thursday in a case brought by Beijing against the EU.
The US officials argue, “if China wants to be treated like a market economy in the WTO it should behave like a market economy.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
