Mexico files WTO dispute over Chinese textile subsidies
18/10/2012 91
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Oct 15 (Reuters) - Mexico filed a complaint at the World Trade Organization (WTO) on Monday to challenge China's support for its clothing and textile industries, the WTO said in a statement.
The wide-ranging complaint cites exemptions from income tax, value-added tax and municipal taxes; discounts on loans, land rights and electricity prices; support for the cotton sector; and cash payments from government agencies.
By launching the legal process, Mexico has triggered a 60-day window forChina to resolve the dispute by giving a satisfactory explanation or otherwise meeting its concerns. After that, Mexico could ask the WTO to adjudicate on the case in the hope of forcing China to change its laws.
October 15, 2012
Source: Reuters
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