China Agrees to End Prohibited Export Subsidies: AAM Statement
More Must Be Done to Curb China's Industrial Overcapacity
The United States and China have signed an agreement ending China's export subsidies through the "Demonstration Bases-Common Service Platform" program according to a United States Trade Representative announcement. The U.S. dispute was initiated at the World Trade Organization in February 2015.
Said Alliance for American Manufacturing (AAM) President Scott Paul:
“We are pleased that the administration has secured an agreement to have China terminate a number of export-contingent support policies.
"This case arose from calls by the Alliance for American Manufacturing and the United Steelworkers in 2012, who represent more than 350,000 workers in the auto supply chain.
"More must be done, however, to ensure that our nation's unprecedented actions to revive manufacturing are not undone by unfair foreign trade. China, in particular, has targeted sector after sector, and in the coming weeks we will see the first ever Chinese-made automobiles enter our market which follows a flood of unfairly-priced steel, aluminum, paper, tires and countless other products.
"This is an important effort, but there is an imports crisis in many other sectors, fueled by other Chinese policies, that demand the attention of Congress and the administration. The public has made clear that they want change - now it’s time for their leaders to act.”