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The United States Initiated A WTO Case Against China On Certain Wind Energy Subsidies; USTR Seeks Comments From Interested Parties
On December 22, 2010, the United States requested formal WTO consultations with the Government of China (“China”) with respect to China’s Special Fund for Wind Power Manufacturing. The United States Trade Representative (“USTR”) estimates that grants provided under this program since 2008 may amount to several hundred million dollars. More »
China Announces $1.5 Trillion Development Plan For Seven Strategic Emerging Industries
On October 10, 2010, China issued the State Council’s Decision to Accelerate the Development of Strategic Emerging Industries. The Decision included seven “strategic emerging industries:” (1) new-generation information technology, (2) energy-saving and environment protection, (3) new energy, (4) biology, (5) high-end equipment manufacturing, (6) new materials, and (7) new-energy cars. China identified these industries as having strong economic development potential. More »
The WTO Decides Section 421 Case On Tires In Favor Of The United States
On December 13, 2010, a WTO dispute settlement panel upheld the United States’ imposition of safeguard duties on imports of certain passenger vehicle and light truck tires from China under Section 421 of the Trade Act of 1974. The duties were imposed for a three-year period on September 26, 2009 at a level of 35 percent the first year, 30 percent the second year, and 25 percent the third year. Upon imposition of the duties, China immediately initiated WTO dispute settlement proceedings alleging the United States had failed to comply with the terms of China’s WTO Accession Protocol and other WTO obligations. More »
Korea And The United States Conclude Supplemental Agreement That Clears The Way For Congressional Approval Of The U.S.-Korea Free Trade Agreement
In 2007, Korea and the United States signed a bilateral free trade agreement (“KORUS”). However, congressional consideration of KORUS stalled due to congressional dissatisfaction with certain provisions of the agreement, particularly those relating to automotive trade. On December 3, 2010, the United States and Korea reached a supplemental agreement addressing those concerns. More »
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