U.S. and China Arguing at the World Trade Organization

U.S.-and-China-Arguing-at-the-World-Trade-Organization

U.S. and China arguing at the World Trade Organization over china steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods. The United States, which launched its complaint on March 23, could have used the dispute meeting on Monday.

U.S. Ambassador Dennis Shea said “forced technology transfer” was often an unwritten rule for companies trying to access China’s expanding marketplace, especially if they were partnering with a state-owned or state directed Chinese firm.

China’s licensing and administrative rules forced foreign firms to share technology if they wanted to do business, while government officials could exploit unclear investment rules to impose technology transfer requirements, he said.

“Fundamentally, China has made the decision to engage in a systematic, state-directed, and non-market pursuit of other members’ cutting-edge technology in service of China’s industrial policy.” China flatly rejected the criticism, which has spawned WTO disputes from both sides and a $50 billion tariff threat from Trump.

“There is no forced technology transfer in China,” China’s Ambassador Zhang Xiangchen told the meeting, adding that the U.S. argument involved a “presumption of guilt”. “But the fact is nothing in these regulatory measures requires technology transfer from foreign companies.”

The U.S. Trade Representative’s office had failed to produce a single piece of evidence, and some of its claims were “pure speculation”, he said. Last week Trump tweeted cryptically that “our trade deal with China is moving along nicely” but said it probably needed a “different structure”.

 

 

Theo O'Farrell

Theo O’Farrell was born and raised in Summerside. As a journalist Theo has contributed to CBC News Blog, The Calgary Herald and Buzz Feed. In regards to academics, Theo earned his sociology degree from Queens. Theor covers local news and culture stories here at Island Daily Tribune.

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Theo O'Farrell

About the Author: Theo O'Farrell

Theo O'Farrell was born and raised in Summerside. As a journalist Theo has contributed to CBC News Blog, The Calgary Herald and Buzz Feed. In regards to academics, Theo earned his sociology degree from Queens. Theor covers local news and culture stories here at Island Daily Tribune.

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