CONGRESSMAN ADAM SMITH EXPRESSES SUPPORT FOR ACTION AGAINST CHINA’S EXPORT SUBSIDIES AT WTO
September 18, 2012
WASHINGTON, DC - Congressman Adam Smith (WA-09) issued the following statement in response to the Obama Administration’s launch of enforcement action against China at the World Trade Organization for illegally subsidizing exports for their auto and auto-parts manufacturers:
“I was pleased to see today’s announcement that the United States has requested dispute settlement consultations with China at the World Trade Organization (WTO) for China’s auto and auto parts export subsidies. Once again, the Obama Administration has proven that it is dedicated to fairness in our international trading system. The Administration has put the resources necessary toward building a solid case against these trade distorting export subsidies that benefit Chinese manufacturers.
When China joined the WTO, they agreed to eliminate all export subsidies. It’s time to hold them to that commitment. Our manufacturers are among the best in the world but for them to compete directly with their international competitors, we must ensure that they have a level playing field. The policies of our trading partners and international businesses must comply with global trade rules.”