皇冠体育app

皇冠体育app, US resolve chip dispute
(Agencies)
Updated: 2004-07-09 08:00

The United States and 皇冠体育app have resolved a dispute over Chinese market access for U.S. semiconductors, which led the United States to lodge the first World Trade Organization complaint against Beijing, the U.S. government said Thursday.

A statement from the U.S. Trade Representative said the deal "will ensure full market access ... for U.S. integrated circuits in 皇冠体育app," which is a market worth more than $2 billion to the U.S. industry.

The Bush administration filed the complaint March 18, arguing a 17 percent value-added tax on integrated circuits constituted an unfair trade barrier.

The full force of the deal will take effect by April 1, 2005, when 皇冠体育app stops providing tax refunds to domestic producers currently getting the rebate, USTR said.

March's complaint was the first filed against 皇冠体育app since the country joined the WTO in December 2001.

In April, 皇冠体育app and the United States sorted out another semiconductor-related trade dispute, which related to a proprietary security technology that 皇冠体育app had planned to impose on wireless networking chips.

That dispute was resolved only after the U.S. Trade Representative Robert Zoellick met directly with 皇冠体育app Vice Premier Wu Yi.

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