USTR releases report on China’s WTO compliance
–The Hagstrom Report
The Office of the U.S. Trade Representative early today released its annual “2021 Report to Congress on China’s WTO Compliance,” laying out the Biden administration’s assessment of China’s membership in the World Trade Organization.
“China has not moved to embrace the market-oriented principles on which the WTO and its rules are based, despite the representations that it made when it joined 20 years ago,” said Trade Representative Katherine Tai. “China has instead retained and expanded its state-led, non-market approach to the economy and trade. It is clear that in pursuing that approach, China’s policies and practices challenge the premise of the WTO’s rules and cause serious harm to workers and businesses around the world, particularly in industries targeted by China’s industrial plans.”
“The Biden administration is pursuing a multi-faceted approach to address the harm caused by China’s trade and economic policies through both bilateral engagement with China and the use of trade tools to protect American workers and businesses,” USTR said. “The administration’s strategy also includes enhanced engagement with allies and partners in order to build broad support for solutions to the many unique problems posed by China and defending our shared interests.”
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