Automotive News South Africa

US lodges WTO complaint over China auto subsidies

WASHINGTON: The United States has filed a trade complaint at the World Trade Organisation over China's subsidies for automobiles and auto parts, the US Trade Representative said on Monday (17 September 2012).

At the initial stage, the US has requested dispute settlement consultations as it seeks to protect US auto and parts makers from cheaper imports from China.

The complaint is focused on China's "export base" program, in which Beijing targets support for automotive manufacturers in designated regions to develop them as export centers.

The Chinese government pumped more than $1 billion in subsidies to automotive exporters under the program between 2009 and 2011, the US charged.

"China's program appears to provide export subsidies that are prohibited under WTO rules because they severely distort trade," the USTR said.

"The subsidies provide an unfair advantage to auto and auto parts manufacturers located in China, which are in competition with producers located in the United States and other countries."

Source: AFP

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz