BR100 Decreased By (-0.01%)
BR30 Increased By (0.5%)
KSE100 Increased By (0.34%)
KSE30 Increased By (0.44%)
AGHA 6.40 Increased By ▲ 0.08 (1.27%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.65 Increased By ▲ 0.20 (0.32%)
BOP 31.44 Increased By ▲ 0.21 (0.67%)
CNERGY 11.67 Increased By ▲ 0.08 (0.69%)
CSIL 5.86 Increased By ▲ 0.14 (2.45%)
FCCL 60.85 Decreased By ▼ -0.69 (-1.12%)
FFL 14.73 Decreased By ▼ -0.29 (-1.93%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.95 Increased By ▲ 0.39 (7.01%)
LOTCHEM 24.68 No Change ▼ 0.00 (0%)
MLCF 103.50 Decreased By ▼ -0.58 (-0.56%)
NBP 173.15 Decreased By ▼ -2.13 (-1.22%)
NCPL 52.20 Decreased By ▼ -0.57 (-1.08%)
NPL 53.95 Decreased By ▼ -0.17 (-0.31%)
OGDC 316.50 Increased By ▲ 3.11 (0.99%)
PACE 9.21 Increased By ▲ 0.01 (0.11%)
PAEL 35.80 No Change ▼ 0.00 (0%)
PIBTL 13.65 Increased By ▲ 0.18 (1.34%)
PPL 226.52 Increased By ▲ 4.71 (2.12%)
PRL 80.21 Increased By ▲ 1.13 (1.43%)
PTC 46.60 Decreased By ▼ -0.25 (-0.53%)
SSGC 23.74 Decreased By ▼ -0.13 (-0.54%)
TBL 9.25 Decreased By ▼ -0.06 (-0.64%)
TELE 7.44 Increased By ▲ 0.05 (0.68%)
TPL 24.55 Decreased By ▼ -0.56 (-2.23%)
TPLP 12.86 Increased By ▲ 0.35 (2.8%)
TREET 26.11 Decreased By ▼ -0.14 (-0.53%)
TRG 53.29 Decreased By ▼ -0.15 (-0.28%)
World

China says WTO report proves U.S. has been breaking international rules

  • The WTO ruled that additional tariffs imposed by the United States against China in 2018 were inconsistent with global trading rules
Published Updated
By

China's Foreign Ministry said on Wednesday (September 16) that a ruling by the World Trade Organization (WTO) proved the United States had been breaking international trade rules.

The WTO ruled that additional tariffs imposed by the United States against China in 2018 were inconsistent with global trading rules.

Foreign Ministry spokesman Wang Wenbin told a press briefing that China hoped the United States would respect the ruling.

Meanwhile in Hong Kong, the territory's Secretary of Commerce and Economic Development, Edward Yau, said the Hong Kong government objected to U.S. requirements that Hong Kong products must be labelled "made in China".

"The basic reason for Hong Kong's actions is that such requirements on origin marking go contrary to WTO regulations, and also it infringes on Hong Kong's rights as a separate customs territory, and our rights under the WTO", Yau said.

Yau told media that Hong Kong reserved the right to take action against the U.S. under WTO rules, and that the U.S.'s move "infringes (upon) Hong Kong's rights as a separate customs territory".

Washington's move last month followed China's imposition of a national security law on the former British colony and a U.S. decision to end a special status that had allowed Hong Kong different treatment from the rest of China.

Comments

Comments are closed for this article.