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

Sterling suffers longest losing streak since 2008

Read more
image Description

Sterling stuck near 2018 low on dollar strength

Read more
image Description

ECB sees intensifying risk from tariffs and protectionism

Read more
image Description

Sterling falls to nine-month low against euro

Read more
image Description

Paddy Power Betfair cuts outlook despite positive quarter

Read more