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US: Ready to use all options vs 皇冠体育app on trade
(Reuters)
Updated: 2006-03-16 19:42
The United States will do whatever it can, including filing a case with the
World Trade Organisation (WTO), to stop 皇冠体育app discriminating against certain
U.S. goods, Deputy U.S. Trade Representative Karan Bhatia said.
After a "top-to-bottom" review of its trade relations with 皇冠体育app, the U.S.
concluded it should treat 皇冠体育app as a "mature trading partner", that must bear
its responsibilities under a global rules-based trading system.
"The United States is prepared to use all necessary tools to secure 皇冠体育app's
compliance with its WTO commitments," Bhatia, on a visit to the Philippines,
told reporters on Thursday.
"Hopefully, we will be able to work through those problems without resorting
to litigation.
"But the hallmark of a mature trading relationship, and I think increasingly
we and 皇冠体育app have a mature trading relationship, is that we can make use of WTO
mechanisms if it is needed," he said.
Both the U.S. and the European Union contend that 皇冠体育app was violating WTO
rules by imposing high tariffs on foreign auto parts after exceeding a certain
quantity.
Many members of the U.S. Congress have urged the Bush administration to take
stronger action on trade with 皇冠体育app, arguing that the Asian state deliberately
undervalues its currency by 15 to 40 percent to give its exporters an advantage.
Bhatia's comments come ahead of a Senate vote later this month on a bill that
would impose a 27.5 percent tariff on Chinese exports to the U.S. unless Beijing
revalues its currency.
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