08-31-2021, 04:49 PM
GENEVA – The World Trade Organisation agreed yesterday to a request from Beijing to evaluate China’s compliance with a ruling faulting it for unfair restrictions on imports of American grain.
The decision by the WTO’s Dispute Settlement Body (DSB) to establish an expert panel to determine whether China complied with a 2019 ruling marks the latest twist in a long-running dispute between the world’s two largest economies.
Back in December 2016, the administration of then US president Barack Obama filed a complaint with the global trade body over what it claimed were illegal Chinese restrictions on imports of American rice, wheat and corn, describing China’s use of the so-called tariff-rate quota (TRQ) system as “opaque and unpredictable”.
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