SOURCE: The US-China Business Council

February 02, 2007 12:53 ET

US-China Business Council Statement on USTR Initiation of WTO Case on PRC Subsidies

WASHINGTON, DC -- (MARKET WIRE) -- February 2, 2007 -- John Frisbie, President of the US-China Business Council (USCBC), issued the following statement in response to the US Trade Representative's (USTR) filing of a dispute settlement case at the World Trade Organization (WTO) against China for policies that violate WTO rules on subsidies:

"Subsidies that violate WTO rules and distort our trade balance with China should be addressed," said USCBC President Frisbie. "Discussions have failed to resolve the issue so far. Filing this case demonstrates that USTR will use all the tools at its disposal to deal with bilateral trade concerns."

"Using the WTO to resolve disagreements is a normal part of the relationship between two trading partners," Frisbie continued. "That Washington and Beijing can engage each other frankly on such disputes shows a maturation of the commercial relationship."

The USCBC ( is the leading organization of US companies engaged in business with the People's Republic of China. Founded in 1973, the USCBC provides extensive China-focused information, advisory, and advocacy services, along with events, to more than 250 US corporations operating within the United States and throughout Asia

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