US-China Ink “Out of WTO” Deal over Subsidy to Settle Dispute
Washington and Beijing have reached a deal in their
dispute (DS489) over China’s allegedly export-contingent subsidy programme,
according to the Office of the US Trade Representative (USTR).
The news, announced on Thursday 14 April, comes
over a year after the US filed a WTO complaint challenging the “Demonstration
Bases-Common Service Platform” programme. At the time, the US claimed that
these were tantamount to export subsidies, which are prohibited under global
trade rules.
While a dispute panel was established in April 2015
to hear the case, talks between the two sides continued in an effort to find a
mutually acceptable solution, according to US officials. The WTO website notes
that while the DSB has agreed to create a panel, the panellists have not yet
been chosen.
The Office of the USTR has also released a copy of
the “memorandum of understanding” reached by the two trading giants, as well as
a table outlining the various “instruments” that had been challenged in the
original case, with updates on their individual statuses.
From agriculture to textiles
The dispute had specifically targeted demonstration
bases – in other words, clusters of enterprises – which the US claimed were
eligible for incentives should they fulfil certain export-related criteria.