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Thursday, May 30, 2019

China Will Not Appeal WTO Ruling on TRQ Administration

For a second time, China is opting not to appeal a ruling by the WTO Dispute Settlement Body (DSB), this time in the case where the WTO said that China's administration of their tariff rate quotas (TRQs) on wheat, rice and corn did not meet their WTO obligations.
The Chinese also opted to not appeal an earlier ruling which found the country's support for its wheat and rice producers did not meet its WTO commitments.
China said while it was "disappointed" with some of the findings by the WTO, they would not appeal, saying it had "respect" for the WTO rules and said it would "earnestly fulfill" its obligations and would comply with the decision