By Unknown
United States Trade Representative Michael Froman today announced that the United States and China have signed an agreement terminating the export subsidies China has provided through the "Demonstration Bases-Common Service Platform" Program.
Following a dispute brought by the United States in the World Trade Organization (WTO), China has effectively terminated the challenged Program channeling export-contingent subsidies to Chinese enterprises across seven economic sectors, and dozens of sub-sectors, located in more than 179 industrial clusters. China has terminated the "Common Service Platform" subsidies to "Demonstration Base" enterprises and will remove export-contingent criteria from the "Demonstration Bases". Termination of prohibited export subsidies under the "Demonstration Bases-Common Service Platform" Program will help level the playing field for American workers and businesses in the many affected sectors.
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"This settlement helps level the playing field for American exports to China," said U.S. Rep. Henry Cuellar (D-TX-28)."Free trade is the backbone of a strong global economy, but it only works if everyone plays by the same rules. Making sure that China and all WTO members honor their agreements will encourage better market access through strong enforcement and accountability measures. This settlement demonstrates how our government needs to enforce the standards laid out in the Trans-Pacific Partnership and in all future trade agreements. We should count today's announcement as a victory for free trade."
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