Monday, January 24, 2011

US vs China re:windpower

http://ictsd.org/i/news/biores/99472/

The US last month initiated dispute proceedings against China at the WTO, alleging that Beijing’s special fund for wind power manufacturing is an illegal subsidy under international trade law.

Trade tensions between the two countries have heated up in recent months, as Washington’s request for consultations, dated 22 December, represents the second time in less than four months that it has accused China of violating WTO rules. The Obama administration has also been increasingly concerned that US companies risk falling behind their Chinese counterparts in the area of clean energy.

Beijing insists its policies are both within the bounds of WTO rules and good for the environment. The Chinese commerce ministry said in a statement on its website that it “will conscientiously study the US request for consultations, and will deal with this in accordance with WTO dispute settlement rules.”

No comments:

Post a Comment