US accuses China UnionPay of trade ministry's response to WTO commitments

Source: Internet
Author: User
Keywords WTO
The picture is the scene of the Ministry of Commerce's routine press conference.   China Economic network reporter Guo Yaping. China Economic network February 17 (reporter Shao Xiwei) February 11, under the framework of WTO dispute settlement mechanism, the United States asked for the establishment of the WTO Expert Group on the issue of electronic payment and the dual countermeasures of China's oriented electrical steel to the United States.  A spokesman for the Commerce Ministry, Yao Jian, expressed the Chinese Government's attitude towards resolving trade disputes at a press conference on 17th. Yao said the dispute between Visa card and UnionPay was an old problem. Last year, Visa card and China UnionPay had a dispute, the Ministry of Commerce also noted that February 11, the United States under the framework of the WTO dispute settlement mechanism to the issue of electronic payment and China's direction for the United States of the dual countermeasures of electrical steel, the establishment of the WTO Expert Group. In October and two months of November last year, the Ministry of Commerce Working Group and the U.S. Department of Commerce Working Group in Geneva conducted a working-level consultation to discuss the issue of electronic payment and the dual-orientation of electrical steel, through consultations and negotiations to resolve.  The problem of electronic payment is related to the problem of credit card service, that is, the electronic payment service market of foreign enterprises entering China. Yao said that on this issue, China's attitude is very clear, in the course of China's accession to the WTO, in 2008, the implementation of China's accession to the WTO on the opening of the service industry commitments.  Oriented electrical steel is in 2010 April, China for the United States and Russia two of the oriented electrical steel products carried out anti-dumping, countervailing investigation, and finally made an arbitration decision, levy two products tax. Litigation in the WTO is a normal phenomenon, China has become the largest exporter of exports, we account for about 10% of global trade, in the process of 1%, or even less than 1% of trade disputes is a common phenomenon.  At present, China has 5 cases in the world trade in the United States, the United States in the World trade 11 cases in China, including the two cases just mentioned. Yao pointed out that China and the United States are two such big trading partners, there are some trade disputes, the rule is not understood is normal. China's attitude is that we will abide by the WTO rules and are willing to adopt the principles of the WTO rules to solve the problem through consultation between China and the United States. In fact, our country sent a special working group to talk over there last October and November. China regrets that the United States has insisted that no further bilateral consultations be held, that the dispute over the two cases should be further resolved in the dispute settlement mechanism, that the Group of experts be established and that the panel is only an initial step in the settlement of the dispute. China will also follow the WTO rules to carefully study the U.S. side of the two credit cards and oriented electrical steel, their claims to seriously study their claims, and in accordance with the WTO dispute settlement mechanism of the relevant rules under the legal framework to resolve to effectively safeguard the interests of Chinese enterprises.
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