The Ministry of Commerce held a routine press conference on February 5. A reporter asked about the recent statement issued by the Office of the United States Trade Representative regarding the WTO ruling on China’s case against the U.S. Inflation Reduction Act. The statement acknowledged the loss but criticized the WTO ruling as incorrect and claimed that the ruling shows that existing WTO rules cannot address issues such as overcapacity. What is the Ministry of Commerce’s comment on this? Spokesperson He Yadong said, we have noted the relevant statement from the U.S. side. Regarding China’s dispute with the U.S. over the Inflation Reduction Act at the WTO, I want to reiterate that the WTO panel has made an objective and fair ruling. This ruling reflects the basic consensus among WTO members. As a member of the WTO, the U.S. should respect the ruling and abide by the rules. (Xinhua)
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Ministry of Commerce: China's lawsuit against the U.S. Inflation Reduction Act reflects the basic consensus among WTO members
The Ministry of Commerce held a routine press conference on February 5. A reporter asked about the recent statement issued by the Office of the United States Trade Representative regarding the WTO ruling on China’s case against the U.S. Inflation Reduction Act. The statement acknowledged the loss but criticized the WTO ruling as incorrect and claimed that the ruling shows that existing WTO rules cannot address issues such as overcapacity. What is the Ministry of Commerce’s comment on this? Spokesperson He Yadong said, we have noted the relevant statement from the U.S. side. Regarding China’s dispute with the U.S. over the Inflation Reduction Act at the WTO, I want to reiterate that the WTO panel has made an objective and fair ruling. This ruling reflects the basic consensus among WTO members. As a member of the WTO, the U.S. should respect the ruling and abide by the rules. (Xinhua)