U.S., China Reach Agreement to End Chinese Export Subsidy Programs
China will end an “extensive” subsidy program for Chinese exporters, after reaching agreement with the U.S. to close an ongoing dispute at the World Trade Organization, said the Office of the U.S. Trade Representative on April 14 (here). As a…
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result of the deal, China will stop providing free or discounted services to exporters in the textiles, apparel and footwear; advanced materials and metals (including steel and aluminum); light industry; specialty chemicals; medical product; hardware and building materials; and agriculture sectors. It will also end export-contingent cash grant programs. The agreement (here) to end export subsidies provided through China’s Demonstration Bases-Common Service Platform program resolves a WTO dispute filed by the U.S. in February 2015 (see 1502110022), according to a USTR fact sheet (here).