A new trading argument between China and the United States has emerged after Beijing lodged a complaint with the World Trade Organisation over what it deems to be a "wrong practice" concerning US tariffs on Chinese tyre imports.
The World Trade Organisation has ruled that some subsidies paid by European countries to help develop the Airbus A380 jet were "illegal", according to a Wall Street Journal report. But European sources say that not all of the US complaint was upheld.
The World Trade Organisation has ruled that some subsidies paid by European countries to help develop the Airbus A380 jet were "illegal", according to a Wall Street Journal report. But European sources say the US complaint was only partially upheld.
US President Barack Obama will nominate Michael Punke as US ambassador to the World Trade Organisation, the White House said on Thursday. Punke is a former senior policy adviser to the Trade Representative's office.
The World Trade Organisation has given Brazil the right to take retaliatory sanctions against the US of up to 147.4 million dollars for 2006 and other payments for subsequent years, ending a dispute over subsidies for US cotton farmers.
The United States and the European Union have appealed to the World Trade Organisation over claims China is deliberately restricting raw material exports in order to boost its domestic market.
Frenchman Pascal Lamy has been unanimously re-elected director-general of the World Trade Organisation for a second term of four years by the organisation's 153 member states. He was unchallenged for the post.
After Canada, Norway, which also hunts seals in large numbers, has threatened to submit a complaint to the WTO if the European Parliament bans the import of products derived from seals. A vote is expected in early May.
