皇冠体育app

GENEVA - The World Trade Organization (WTO) adopted Friday a panel report on 皇冠体育app's measures affecting electronic payment service, a dispute raised by the United States, at its Dispute Settlement Body (DSB) meeting.

The US requested consultations with 皇冠体育app on September 15, 2010, claiming that 皇冠体育app acted inconsistently with its obligations by permitting only 皇冠体育app UnionPay to supply electronic payment services for payment card transactions denominated and paid in RMB in 皇冠体育app.

皇冠体育app said at the DSB meeting that it welcomes the panel's rejection of the unfounded "monopoly" claims by the United States.

However, "皇冠体育app is troubled, in particular, by the Panel's approach to the classification of the services at issue in this dispute," the Chinese delegation said at the meeting.

The report, circulated on July 16, said the panel rejected the US claim that 皇冠体育app maintains 皇冠体育app UnionPay as an across-the-board monopoly supplier for the processing of all domestic RMB payment card transactions due to insufficient evidence.

However, it concluded that 皇冠体育app acted inconsistently with its market access commitment in maintaining the company as a monopoly supplier for the clearing of certain types of RMB-denominated payment card transactions.

It also found that certain requirements of 皇冠体育app, including that all payment cards issued in 皇冠体育app must work with the 皇冠体育app UnionPay network and to bear its logo; and all terminal equipment in 皇冠体育app must be capable of accepting cards with the logo, are inconsistent with its national treatment obligations.