Home > World > China accuses EU of taking WTO back to "law of jungle"

China accuses EU of taking WTO back to "law of jungle"

Written by Business World, on 15th May 2018. Posted in World

article headline

China accused the European Union on Tuesday of risking a return to the "law of the jungle," telling a dispute hearing at the World Trade Organization that it was astonished by what it called the EU's disregard for the WTO's rulebook.

China's statement came during a major trade dispute in which Beijing is trying to force the United States and the EU to treat China like any other "market economy," rather than claiming it unfairly subsidizes its exports on a large scale.

The EU's argument that China distorted its markets could equally be applied to the 28-nation bloc's Common Agricultural Policy or U.S. corn prices, the Chinese statement said. (Reuters)

Source: www.businessworld.ie

More articles from World

image Description

May refuses to rule out no-deal Brexit

Read more
image Description

Theresa May to try to break Brexit deadlock with EU concessions

Read more
image Description

Pound set for biggest weekly gain against euro in more than a year

Read more
image Description

Brexit deal defeat boosts European banks

Read more
image Description

Ryanair pilot unions in 'several countries' suspend talks

Read more