US, Japan and EU push for stronger WTO rules curbing market-distorting state aid
The announcement comes ahead of a signing ceremony at the White House for phase one of a US-China trade deal
14 January 2020 - 21:59
Geneva — China came under greater international pressure to reduce industrial subsidies after the US, Europe and Japan agreed to push for stronger World Trade Organisation (WTO) rules against market-distorting government aid.
The top trade officials of the US, the European Union and Japan struck a deal on Tuesday in Washington to expand the kinds of subsidies prohibited by the WTO. The announcement came on the eve of a planned signing ceremony at the White House for phase one of a US-China trade deal, which does not address Beijing’s support for domestic companies that compete internationally...
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