{"id":45908,"date":"2017-10-05T07:11:36","date_gmt":"2017-10-05T07:11:36","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=45908"},"modified":"2017-10-05T07:11:36","modified_gmt":"2017-10-05T07:11:36","slug":"u-s-business-groups-say-wto-unable-to-curb-many-chinese-trade-practices","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/u-s-business-groups-say-wto-unable-to-curb-many-chinese-trade-practices.html","title":{"rendered":"U.S. business groups say WTO unable to curb many Chinese trade practices"},"content":{"rendered":"

U.S. business groups say WTO unable to curb many Chinese trade practices<\/span><\/strong><\/span><\/h2>\n

U.S. business groups say WTO unable to curb many Chinese trade practices:- U.S. business groups expressed frustration on Wednesday with what they said are China\u2019s efforts to tilt the economic playing field in favor of domestic companies, adding that World Trade Organization rules are insufficient to police all of Beijing\u2019s trade practices.<\/span><\/p>\n

U.S. companies face increasing threats from Chinese investment rules, industrial policies, subsidies to state-owned enterprises, excess manufacturing capacity, cybersecurity regulations and forced technology transfers, the groups told a public hearing held by the U.S. Trade Representative\u2019s office.<\/span><\/p>\n

The session will influence an annual report on China\u2019s WTO compliance by the U.S. Trade Representative\u2019s office as well as a USTR investigation into China\u2019s intellectual property practices that could lead to imposition of trade sanctions by President Donald Trump.<\/span><\/p>\n

Josh Kallmer, senior vice president of global policy at the Information Technology Industry Council, said China had woven a \u201ctapestry\u201d of rules and policies that places foreign companies at a disadvantage and incentivizes the transfer of technology.<\/span><\/p>\n

\u201cIt just in general puts a thumb on the competitive scale in a way that significantly and profoundly affects U.S.-based and foreign companies,\u201d said Kallmer, who was representing a coalition of technology groups from semiconductors to software.<\/span><\/p>\n

The concerns are not new. They were highlighted in the USTR\u2019s last report to Congress on China\u2019s WTO compliance issued on Jan, 1, 2017, and raised in subsequent meetings by Trump administration officials.<\/span><\/p>\n

USTR Assistant Secretary Edward Gresser told the hearing that there was a growing recognition that WTO rules did not cover all of China\u2019s practices viewed as unfair. The United States and other WTO members needed \u201cto find effective ways to address those Chinese government practices that may violate the spirit of the WTO that nevertheless may not fall squarely within the WTO disciplines,\u201d he said.<\/span><\/p>\n

Jeremie Waterman, the U.S. Chamber of Commerce\u2019s vice president for Greater China, said China\u2019s restrictive investment regime and other industrial policies requiring technology transfers in recent years have made China a less attractive place to invest for foreign firms, and not all of these policies can be changed with full WTO compliance<\/span><\/p>\n

This has been made worse by China\u2019s \u201cMade in China 2025\u201d plan, which aims to supplant foreign products and technologies with domestic ones and new cybersecurity regulations that put foreign information technology products at a disadvantage, Waterman said.<\/span><\/p>\n

\u201cThe ballast has become less stable in recent years\u201d in the U.S.-China economic relationship, he added.<\/span><\/p>\n

Source:-http:\/\/www.reuters.com\/article\/us-usa-china-trade\/u-s-business-groups-say-wto-unable-to-curb-many-chinese-trade-practices-idUSKBN1C92UL<\/span><\/p>\n

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