CHINA-WTO: CHINA LOSES DISPUTE IN WTO FOR EU TO RECOGNISE IT AS A 'MARKET ECONOMY'
Bloomberg reported (June 16) that the Chinese government allowed a landmark World Trade Organization dispute aimed at forcing the European Union to recognize it as a market economy in trade investigations to lapse on June 15. The case was initially brought in 2016 and China lost an interim ruling on the matter last year. With the end of the dispute the EU is now on firmer ground to combat low-price Chinese exports with artificially high tariffs. The resolution is a major set-back for China as the EU steps up efforts to limit its expansionist practices into the continent.
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