Yerevan:   +6 °C
Today:   Friday, 22 November, 2019

China seeks $2.4 billion in sanctions against U.S. in Obama-era case - WTO

1368
Monday, 21 October, 2019, 16:40
China seeks $2.4 billion in sanctions against U.S. in Obama-era case - WTO

China is seeking $2.4 billion (£1.9 billion) in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating to the Obama era, a document published on Monday showed.

WTO appeals judges said in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove certain tariffs that break the watchdog’s rules.

The WTO’s Dispute Settlement Body effectively gave Beijing a green light to seek compensatory sanctions in mid-August. The United States said at the time that it did not view the WTO findings as valid and that the judges had applied “the wrong legal interpretation in this dispute”.

China continued to be the “serial offender” of the WTO’s subsidies agreement, the U.S. delegation said. Contacted by Reuters on Monday, the U.S. mission in Geneva had no immediate comment.

China, in its request posted by WTO, said: “In response to the United States’ continued non-compliance with the (WTO Dispute Settlement Body’s) recommendations and rulings, China requests authorization from the DSB to suspend concessions and related obligations at an annual amount of $2.4 billion.”