Daily News

EU official: Plurilateral subsidy reform deal ‘makes no sense’ without China

January 19, 2022 at 4:52 PM
A broad agreement on competitive neutrality – including new subsidy disciplines – “makes no sense” without China on board, a top European trade official said on Wednesday, adding that despite the high likelihood that Bejing would not support such reform there’s “no reason” those pushing for it, like the U.S. and the European Union, should not propose ideas. Improving subsidy disciplines at the World Trade Organization is a priority for the U.S. in particular; Washington has for years criticized the...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Biden administration.