CHINA / Weekly Roundup

US: Ready to use all options vs China on trade
(Reuters/chinadaily.com.cn)
Updated: 2006-03-17 08:13

The United States will do whatever it can, including filing a case with the World Trade Organization (WTO), to stop China discriminating against certain U.S. goods, Deputy U.S. Trade Representative Karan Bhatia said.

After a "top-to-bottom" review of its trade relations with China, the U.S. concluded it should treat China as a "mature trading partner," that must bear its responsibilities under a global rules-based trading system.


A Chinese worker walks past containers in Longwu Port in Shanghai, January 11, 2006. [Reuters]

"The United States is prepared to use all necessary tools to secure China's compliance with its WTO commitments," Bhatia, on a visit to the Philippines, told reporters on Thursday.

"Hopefully, we will be able to work through those problems without resorting to litigation.

"But the hallmark of a mature trading relationship, and I think increasingly we and China have a mature trading relationship, is that we can make use of WTO mechanisms if it is needed," he said.

Both the U.S. and the European Union contend that China was violating WTO rules by imposing high tariffs on foreign auto parts after exceeding a certain quantity.

Many members of the U.S. Congress have urged the Bush administration to take stronger action on trade with China, arguing that the Asian state deliberately undervalues its currency by 15 to 40 percent to give its exporters an advantage.

Bhatia's comments come ahead of a Senate vote later this month on a bill that would impose a 27.5 percent tariff on Chinese exports to the U.S. unless Beijing revalues its currency.

Chinese Premier Wen Jiabao ruled out any further one-off surprise ajustment of renminbi exchange rate Tuesday after the conclusion of the annual session of China's top legislature.

Wen promised that his government would allow the yuan to move more flexibly but saw no need for another one-off surprise adjustment such as last July's 2.1 percent revaluation against the dollar.

"According to the current market-oriented currency formation regime, there is room for the yuan to fluctuate either up or down on its own in line with changes in the market. It's no longer necessary for China to take one-off administrative measures," Wen told a news conference.

The yuan has risen by about 1 percent since it was revalued by 2.1 percent on July 21, 2005, depegged from the dollar and set free to float in a managed bands.







Related Full Coverages
主站蜘蛛池模板: 我想看一级毛片免费的| 精品一区二区三区在线视频| 国内精品久久久久影院一蜜桃| 久久久精品国产免大香伊| 正在播放91大神调教偷偷| 四虎永久网址影院| 欧美另类xxx| 在线观看人成视频免费| 中文字幕久无码免费久久| 最近2019中文字幕mv免费看| 亚洲精品中文字幕乱码三区| 美女**视频一级毛片| 国产成人精品三级麻豆| 91蜜桃在线观看| 小猪视频免费网| 久久久亚洲欧洲日产国码农村 | 中文国产在线观看| 最新视频-88av| 亚洲欧美在线观看首页| 短篇丝袜乱系列集合嘉嘉| 国产一区二区精品| 成年人网站免费视频| 国内精品久久久久久久97牛牛| 一级做a爰全过程免费视频毛片| 日美韩电影免费看| 亚洲一区在线免费观看| 激情影院在线观看十分钟| 可播放的gαy片男男| 青青青青啪视频在线观看| 国产精品jizz在线观看直播| 99久久精品费精品国产一区二区| 成人免费视频网| 久久国产欧美另类久久久| 欧美交性又色又爽又黄| 亚洲色大成网站WWW尤物| 精品综合久久久久久99| 国产亚洲美女精品久久久2020| 亚洲毛片基地4455ww| 国产麻豆入在线观看| juy639黑人教练君岛美绪| 成人午夜大片免费7777|