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China fights back against US accusations of blocking WTO technology deal
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  • China fights back against US accusations of blocking WTO technology deal

China fights back against US accusations of blocking WTO technology deal

Nishtha Kanal • November 25, 2013, 08:32:41 IST
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Commerce Minister Gao Hucheng denounced the United States as “irresponsible” on Sunday after Washington accused China of jeopardizing a deal that aims to cut

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China fights back against US accusations of blocking WTO technology deal

Commerce Minister Gao Hucheng denounced the United States as “irresponsible” on Sunday after Washington accused China of jeopardizing a deal that aims to cut tariffs on technology products, saying Washington had disappointed participants in the talks.

U.S. Trade Representative Michael Froman said on Thursday that China’s demands to exempt more than 100 products from a technology trade deal risked leading to a breakdown in the negotiations. “It is irresponsible for the U.S. to discard the consensus that has been agreed by most of the countries only because the deal cannot meet its own requirement for several products,” Gao said in a statement emailed to Reuters.

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Gao Hucheng at the Chinese Ministry of Commerce

Gao Hucheng at the Chinese Ministry of Commerce

China, he said, had pushed forward negotiations to expand the Information Technology Agreement (ITA) and proven its willingness to improve its offer several times during the talks. Gao said U.S. demands far exceeded what was acceptable to Chinese companies.

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“The U.S. is unwilling to make any necessary concessions and has turned a blind eye to the big differences between Chinese and U.S. firms, ignoring the appeals by the Chinese side,” he said. He said due account should be taken of the different levels of development of the countries involved in the negotiations.

European Trade Commissioner Karel de Gucht last week said China’s demands were the main outstanding issue in the talks. The talks seek to expand a 16-year-old World Trade Organization agreement and update it for the Internet era, cutting the import cost of items like personal computers, laptops, telephones, fax machines, computer software and semi-conductors.

Reuters

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Written by Nishtha Kanal
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Intrigued by all things social, Nishtha will invariably tweet about you. When not tweeting or writing about the next viral video, you will hear her proclaiming her love to Metallica, James Hetfield, Opeth, Akerfeldt and all bands that go 'growl'. She also obsesses about ACP Pradyuman and South Park and you will always find her moving around with a book. Her focus is on all the happening stuff in the tech domain, and she won't hesitate to take a shot at some of the oddball devices that make their way to our labs. see more

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