Larsen Applauds U.S.-China Agreement on Subsidies</A

Nov 29, 2007

Washington, D.C. — Today, U.S. Representative Rick Larsen (WA-02), co-chair of the U.S.-China Working Group in the House, congratulated United States Trade Representative Susan Schwab on her efforts to resolve a key trade dispute between the United States and China.  In the Memorandum of Understanding (MOU) between the two nations, China agreed to fully eliminate unfair subsidies that initiated a U.S.-led World Trade Organization (WTO) dispute in February.

“I want to congratulate Ambassador Schwab on her hard work to resolve this important issue. This agreement shows the value of having an international-rule-based system of trade where fair agreements can be reached. 

“These unjust subsidies were providing unfair benefits to China’s manufacturing and IT industry at our expense.  This represents a perfect case of how the WTO mechanisms and dialogue effectively bring nations together to tackle hard problems.”

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