Energy News  
TRADE WARS
US wins dispute over China grain subsidies before WTO
by Staff Writers
Geneva (AFP) Feb 28, 2019

The World Trade Organization on Thursday sided with Washington in a dispute it filed three years ago over "unfair" Chinese subsidies to producers of wheat and rice.

Back in 2016, the United States alleged that China doled out $100 billion in "market price support" for wheat and rice as well as corn production, above levels agreed at the Geneva-based WTO.

A panel established by the WTO's Dispute Settlement Body to rule on the matter found Thursday that the grain subsidies provided by Beijing exceeded the accepted level, and that China had "acted inconsistently with its obligations" under international trade rules.

The experts said they had found that each year from 2012 to 2015, China's market price support for wheat, Indica rice and Japonica rice "exceeded its 8.5 percent de minimis level of support for each of these products."

The WTO panel said it had not considered whether China had also exceeded the acceptable subsidies for corn producers, since it found China had removed the challenged subsidy before the US launched its complaint.

Both sides have up to 60 days to appeal Thursday's ruling.

US Trade Representative Robert Lighthizer and Agriculture Secretary Sonny Perdue hailed the ruling in a statement as a "significant victory for US agriculture that will help American farmers compete on a more level playing field".

"The United States proved that China for years provided government support for its grain producers far in excess of the levels China agreed to when it joined the WTO" in 2001, Lighthizer said.

"We expect China to quickly come into compliance with its WTO obligations," he added.

China is the world's largest producer of wheat and rice, holding significant sway over world markets.

The news of the WTO ruling comes as Washington and Beijing strive to reach a new trade agreement to avoid escalating their trade war.

After exchanging punitive tariffs on more than $360 billion in total two-way trade, US President Donald Trump and his Chinese counterpart Xi Jinping declared a truce in December and agreed to hold off on further tariffs or retaliation for 90 days.

Trump announced Sunday that he would delay a planned further hike in tariffs on Chinese goods this week after he and Beijing both hailed "substantial progress" in trade negotiations.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
A 'catastrophe' if US Congress fails to ratify USMCA: trade rep
Washington (AFP) Feb 27, 2019
Washington's chief trade envoy on Wednesday urged US lawmakers to adopt the trade agreement negotiated last year with Canada and Mexico. In congressional testimony, US Trade Representative Robert Lighthizer said American credibility was at stake in efforts to get lawmakers to ratify the US-Mexico-Canada agreement. Signed in November, the tri-nation agreement would replace and modernize the former North American Free Trade Agreement. It changes rules of origin for the auto sector, requires hi ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
CO2 emissions in developed economies fall due to decreasing fossil fuel and energy use

S.Africa imposes severe power cuts ahead of election

To conserve energy, AI clears up cloudy forecasts

Keeping the lights on during extreme cold snaps takes investments and upgrades

TRADE WARS
Superconductivity is heating up

Battery consortium promises 'big leap' in performance

Right electrolyte doubles novel 2D material's ability to store energy

Corvus Energy awarded the marine world's biggest battery package

TRADE WARS
Ingeteam commissioned over 4GW of wind converters in 2018

Sulzer Schmid's new technology platform slashes cost of drone-based rotor blade inspections

Major companies, cities buying into Texas' green energy boom

EON achieves successful commercial operation and tax equity financing for Stella wind farm

TRADE WARS
JUMEME breaks ground on 1st phase of Lake Victoria mini-grid solar project

Layering titanium oxide's different mineral forms for better solar cells

Dynamic Energy brings solar power to Galloway factory

Solar Payback Trends 2019

TRADE WARS
Framatome delivered ATRIUM 11 reload fuel assemblies to Olkiluoto 1

IEA: Nuclear energy set for risky, significant decline

Framatome modifies Loviisa nuclear power plant's control rod systems

EU clears RWE takeover of EON electricity generation assets

TRADE WARS
Turning algae into fuel

Climate rewind: Scientists turn carbon dioxide back into coal

How power-to-gas technology can be green and profitable

US set to see large increase in alternative-fuel methanol capacity

TRADE WARS
Venezuela moving oil company office to Russia

What makes natural gas bottlenecks happen during extreme cold snaps

Total halts French Guiana offshore oil drilling

Russia, China veto US measure on Venezuela in UN Council

TRADE WARS
Plants' drought alert system has unlikely evolutionary origin: underwater algae

Targeting climate change, Washington governor joins Democratic race

Tree rings tell climate stories that technology can't

Where's winter? Western Europe basks in record temperatures









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.