U.S.-China Economic and Security Review Commission to Hold Hearing on China's WTO Compliance
The U.S.-China Economic and Security Review Commission (USCC) has announced that it will hold a hearing on April 4, 2006 on "China's World Trade Organization Compliance: Industrial Subsidies and the Impact on U.S. and World Markets.'. The hearing is designed to assist the USCC in fulfilling its mandate by assessing China's compliance with its World Trade Organization accession agreement on subsidies, examining what constitutes the breadth of China's subsidy regime, evaluating the level of transparency into China's subsidy regime and economic planning process, and identifying how China's industrial subsidies negatively or positively affect U.S. companies, investors, and workers.
Subsidies in China? How can one really tell when it is often difficult even to know if you are dealing with a private or a government company or some sort of hybrid. This commission will be able to conclude whatever it decides it wants to conclude.
China Lawyer
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8:50 AM