Home>News Center>China
       
 

China puzzled over US tax complaint at WTO
(China Daily)
Updated: 2004-03-19 23:29

The Chinese Government on Friday said it was puzzled by a US complaint to the World Trade Organization (WTO) over a tax policy, while analysts claimed the US is posturing to the public in an election year.


Chinese Foreign Ministry spokesman Kong Quan. [newsphoto/file]
Chong Quan, spokesman of the Ministry of Commerce, said in a statement that China and the United States had held several rounds of talks on the issue of a value-added tax on semi-conductors and made some progress.

"In the normal course of bilateral consultations, the US side suddenly raised a request under the WTO dispute resolution mechanism. China really does not understand this," Chong said.

The US complaint, filed on Thursday, was the first against China since it joined the WTO in late 2001. The complaint says a tax break for domestically manufactured semiconductors gives them an unfair advantage over imports.

Chong's response is in conflict with earlier reports that China is resolute on the issue.

The Financial Times, citing unidentified US officials, reported that US trade representative Robert Zoellick's office planned to delay a filing until after the April 21 meeting in Washington involving top economic officials from China and the US, then changed that plan after the Chinese Government told a US trade official in Beijing last week there was no chance of dropping the tax.

Lu Jinyong, a professor from the University of International Busi-ness and Economics in Beijing, accused the US Government of wanting to show a tough stand to the public.

President George W. Bush's ad-ministration is being criticized byDemocrats who say he has not done enough to crack down on Chinese practices they say violate global trade rules.

"The dispute can be solved by negotiation. China is a developingcountry and a new WTO member. We need time," Lu said.

An unnamed official from the Min-istry of Information Industry also said more contact and communica-tion is needed between China and the United States if the dispute is going to be resolved.

He added that China's policies regarding value-added tax on semiconductors have not brought substantial financial benefits to domestic manufacturers.

Zhang Qi, a director-general at the ministry, was quoted earlier saying: "We imported more than 80 per cent of our semiconductors last year, and I do not see how much more open our market could be." The US$19 billion Chinese semi-conductor market has become a major market for foreign-made chips, including US$2 billion worth from the United States last year.

The dispute between the world's largest economy, the US, and the world's sixth-largest, China, has erupted amid efforts at the Geneva-based WTO to revive the latest round of global trade talks, which collapsed last September.

China worked with the US to try to break the impasse in Cancun, Mexico.

"Widening conflict between both major countries will not be good for global trade," WTO Director General Supachai Panitchpakdi told reporters in Bangkok on Friday.

Under WTO rules for resolving disputes, the US and China must hold consultations for at least two months before a panel will begin to adjudicate the complaint.

Japan, a key player in the Chinese semiconductor market, has applied to the WTO to be an interested party in the case, meaning it would be allowed express its opinions during the trade body's deliberations.

Lu meanwhile said the case, if accepted by the WTO, could take up to two years to resolve.

 
  Today's Top News     Top China News
 

Protests rally against Iraq war, occupation

 

   
 

China puzzled over US tax complaint at WTO

 

   
 

Taiwan "referendum" vetoed by the people

 

   
 

State banks head toward Sept IPO

 

   
 

Marriage bells toll in cyber churches

 

   
 

Chinese, French women hold dialogue

 

   
  Taiwan "referendum" vetoed by the people
   
  Chen, Annette Lu slightly wounded in shooting
   
  Abducted Chinese escapes to safe place in Sudan
   
  Marriage bells toll in cyber churches
   
  Jiang: China committed to peaceful use of nuclear energy
   
  New gas-fired power plant for China's 'smog city'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  Are the Chen-Lu shootings a fabricated hoax or an amateurish bungling  
Advertisement
         
主站蜘蛛池模板: 成**人免费一级毛片| 欧洲精品码一区二区三区| 四虎国产精品免费久久久| 国产精品亚洲w码日韩中文| 国模欢欢炮交啪啪150| 一区免费在线观看| 无套进入30p| 久久免费视频精品| 最新版资源在线天堂| 亚洲国产精品无码久久一线| 污视频免费在线观看| 伊人五月天婷婷| 精品一区二区在线观看1080p| 国产va免费精品高清在线观看| 香蕉视频在线免费看| 国产特级毛片AAAAAA高潮流水| 888米奇在线视频四色| 在线视频www| freefron性中国国产高清| 性色AV无码一区二区三区人妻| 久久99国产亚洲精品观看| 日本理论片和搜子同居的日子演员| 亚洲Aⅴ在线无码播放毛片一线天 亚洲A∨无码一区二区三区 | 毛片手机在线观看| 亚洲色欲久久久综合网东京热| 疯狂吃奶freesex| 欧美激情性xxxxx| 丁香花高清在线观看完整版 | 国内精品一区二区三区在线观看| juliecasha大肥臀hd| 嫩草影院www| 一区二区三区视频在线观看| 很狠干线观看2021| 一级日本强免费| 性色av一区二区三区| 一本岛一区在线观看不卡| 强波多野结衣痴汉电车| 两性高清性色生活片性高清←片 | 红颜免费观看动漫完整版| 四虎国产精品成人| 精品欧洲videos|