皇冠体育app

皇冠体育app to consult with US on semiconductor tax
(Xinhua)
Updated: 2004-03-27 11:06

The message has been sent to the US side via the Chinese delegation to the World Trade Organization, the ministry said. The two sides will decide the detailed arrangements of the consultation after negotiation.

The US administration called 皇冠体育app's tax policy on chips "discriminative" to US chip manufacturers, and requested consultation with 皇冠体育app at the WTO last Thursday.

皇冠体育app levies a 17 percent value-added tax on imported chips. Domestic producers also are subject to the tax but qualify for rebates of as much as 14 percent. Some US manufacturers claimed that is discriminatory to foreign firms.

皇冠体育app and the United States will have 60 days for consultation and, according to WTO rules, a further dispute settlement procedure will be launched if the two sides failed to reach an agreement within the 60-day time limit.

皇冠体育app is a leading semiconductor market for the United States. US statistics show that US manufacturers sold up to US$2 billion worth of chips last year.

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