久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

US should resort to WTO rules, not unilateral tools, to settle trade disputes with China: Expert

Xinhua | Updated: 2017-08-14 10:06

WASHINGTON - The United States should resort to rules of the World Trade Organization (WTO), not unilateral trade tools such as Section 301, to resolve trade disputes with China, a former White House economist has said.

Pitfalls of using?Section 301 

US President Donald Trump will direct the US Trade Representative (USTR) on Monday to determine whether to investigate China's trade practices under Section 301 of the Trade Act of 1974, senior administration officials said Saturday.

Section 301, once heavily used in the 1980s and the early 1990s, allows the US president to unilaterally impose tariffs or other trade restrictions against foreign countries. But the United States has rarely used the trade tool since the WTO came into being in 1995.

"It became no longer necessary really for the United States that they have to use that law, because now we have an effective dispute settlement system under the WTO," Chad Bown, a senior fellow at the Washington-D.C. based Peterson Institute for International Economics, told Xinhua in a recent interview.

Meanwhile, "the legal timeline of the process under Section 301" doesn't work well with the rules of the WTO, said Bown, who previously worked as a senior economist for international trade and investment in the White House Council of Economic Advisers and the World Bank.

The WTO dispute settlement process usually takes a number of years to work out, while the Section 301 investigation just takes a year or 18 months to reach a conclusion, he explained.

It will become much difficult for the Trump administration to defend the use of Section 301 today as the US government "acted as a police force, prosecutor, jury and judge" in the process, according to the trade expert.

"A decision to trigger Section 301 today is problematic because it would provide additional fuel to the already simmering argument that the Trump administration is undoing the American commitment to rules-based trade and decades of work to establish international cooperation," he said.

Resolve trade?disputes through WTO?

While there's no evidence that the Trump administration is willing to engage constructively with the WTO, Bown recommends the United States and China resolving their trade disputes through the Geneva-based international trade body.

Michael Froman, former USTR under the Obama administration, echoed his view, saying the Obama administration tended to skip the process of Section 301 and "go straight to bringing cases against China at the WTO."

"It wasn't just the Obama administration, the Bush administration, the Clinton administration tended to do that as well," said Bown, adding that previous US administrations have successfully used the WTO to get other countries to change their policies that were breaking the rules.

"It's much easier politically" for a government to tell the public that they have to change their policies or push forward reforms, if the WTO says the government is breaking the rules, he said.

However, if the Trump administration moves away from resolving trade disputes through the WTO and instead starts taking unilateral actions, the United States could face retaliation by other trading partners, warned Froman.

The Chinese Ministry of Commerce has also urged US authorities to abide by WTO rules in its trade measures and resolve differences with China through dialogue and consultation.

New?trade deal?

As the world's largest developed country and the largest developing country, the United States and China also need to negotiate a new trade deal, covering issues including the steel and aluminum industries, investment, State-owned enterprises and intellectual property rights, according to Bown.

"I do think the United States and China need to sit down and negotiate a new trade deal, probably not a bilateral deal, but through some kind of multilateral forum to really address the heart of the problems that the two countries have with each other," he said.

However, Bown was worried that the Trump administration "hasn't really yet identified a strategy to engage China on the long-term systemic sort of talks" as they seemed much focused on "getting quick wins."

"It's not easy and it can't be done quickly, but it requires serious effort and continual engagement," said Bown, referring to major issues including trade disputes plaguing US-China trade relations.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 美女扒开腿让男人桶个爽 | 日本免费不卡在线一区二区三区 | 欧美经典成人在观看线视频 | 美女黄网站人色视频免费国产 | 亚洲精品日韩在线一区 | 国产精品视频第一区二区三区 | 日韩在线二区 | 欧美日韩生活片 | 中文字幕精品一区二区绿巨人 | 欧美三级成版人版在线观看 | 亚洲精品免费在线 | 免费成人在线网站 | 看全色黄大色黄大片女图片 | 国产六区 | 精品日韩欧美一区二区三区 | 我想看三级特黄 | 精品国产日韩亚洲一区在线 | 国产人做人爱免费视频 | 久久99国产亚洲高清观看首页 | 亚洲专区欧美专区 | 色老头一区二区三区在线观看 | 欧美日韩免费播放一区二区 | 久久精品免费在线观看 | 国产乱码精品一区二区三区四川人 | 久久亚洲私人国产精品va | 成人做爰毛片免费视频 | 亚洲国产精品一区二区久久 | 国产欧美日韩精品一区二区三区 | 国产精品男人的天堂 | 在线国产二区 | 美女一级免费毛片 | 欧美大片a一级毛片视频 | 国产欧美日韩在线 | 中文字幕av一区二区三区 | 日韩一级片在线观看 | 97影院理论片 | 免费真实播放国产乱子伦 | 久草视频在线观 | 亚洲天堂男人网 | 97视频网站 | 国语自产精品视频 |