WTO top court largely upholds ruling on Chinese auto parts

[Omaha Steve]

Source: Xinhua

GENEVA, Dec. 15 (Xinhua) -- The top court of the World Trade Organization (WTO) confirmed on Monday that a Chinese measure on auto parts imports has violated WTO rules.

In a report, the WTO Appellate Body largely upheld a panel ruling in July, which backed complaints made by the United States, the European Union and Canada.

But it overthrew one aspect of the July ruling, which said China's treatment of knock-down car kits contravenes the country's WTO accession commitments.

China considers auto parts as a complete vehicle if they account for 60 percent or more of the value of a final vehicle, and charges a 15 percent higher tariff on them.

Read more: http://news.xinhuanet.com/english/2008-12/16/content_10509900.htm

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Mods: I couldn't find a link that worked for the original story. I guess we go with this version.

[rockymountaindem]

1. Good

Once and awhile the WTO does something I agree with.

[DJ13]

2. Thank you

:thumbsup:

[ConcernedCanuk]

3. If China watched the USA handle the WTO's rulings regarding Canada's lumber

.
.
.

don't expect hasty compliance.

over 5 years the USA stalled and waffled on WTO's rulings in Canada's favor,

and we still got raped for a billion dollars thanks to OUR idiot in chief having his nose up the boyKing's . .

yeah,

there . . . .

From the posted article:

"China now has a reasonable period of time to bring its measure into compliance with WTO rules. This period of time will be negotiated or determined by arbitration."

oh well . .