US Confronts China Over Failure to Submit Subsidies to WTO at SCM Committee Meeting
The U.S. and other World Trade Organization members called out China yet again for failing to fully submit its subsidies to the WTO during the April 26-27 meeting of the Committee on Subsidies and Countervailing Measures, a person with knowledge…
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of the meetings told reporters in an email. The U.S. pointed out that after examining certain financial statements of certain fossil fuel companies in China, it found that the Chinese government granted financial grants totaling over $1.9 billion in 2020 that were not reported to the WTO. Apart from asking China to clarify why these grants were not reported, the U.S. also asked China to clarify whether distant water fishing enterprises are completely tax exempt. In response, China asked the U.S. to look at its relevant enterprise income tax law provisions, which the U.S. found uninstructive. Also during the meeting, other WTO members -- namely, Brazil, Morocco, China and Russia -- brought up complaints about U.S. countervailing duty action. In particular, China blasted the U.S.'s "abusive use" of "adverse facts available" in CVD cases, while Russia said the U.S. continued to use flawed practices resulting in the finding of subsidies where none exist.