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WTO forms panel in U.S.-China dispute over agricultural subsidies

June 30, 2017 at 9:47 AM
The World Trade Organization on June 24 formed a dispute settlement panel to hear the U.S.' complaint that China is exceeding its permitted levels of domestic support for certain rice, corn and wheat crops by nearly $100 billion. The panel was established in January after the U.S. requested consultations with China over its alleged breach of commitments in September 2016. The U.S. contends that China provides trade-distorting product-specific subsidies for wheat, Indica rice, Japonica rice, and corn that are in...

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