皇冠体育app

皇冠体育app studying consultation request over chip row
(Xinhua)
Updated: 2004-04-05 16:30

皇冠体育app is studying the request of the European Union and Japan to join the United States in the consultations over 皇冠体育app's tax policy on semiconductors, an official with the Ministry of Commerce said in Beijing Monday.

The EU asked for the consultation on March 26 and Japan on March 31, joining the United States to complain against 皇冠体育app's value-added tax on semiconductors.

皇冠体育app agreed to consult with the United States on March 26 after the United States officially requested the consultation on March 18. The two sides are working on the timing and venue of the consultation through negotiation, according to the official, who refused to be identified.

The US administration called 皇冠体育app's tax policy on chips "discriminative" to US chip manufacturers. 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 have 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 the rules of World Trade Organization, a further dispute settlement procedure will be launched if the two sides fail 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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