Connect with us

Hi, what are you looking for?

World

G-7 reaches consensus on China dumping, human rights abuses, says US official, Europe News & Top Stories


CARBIS BAY, ENGLAND (REUTERS) – Group of Seven (G-7) leaders have reached consensus on the need for a shared approach to China selling exports at unfairly low prices and to human rights abuses, a senior official in the US President Joe Biden’s administration said on Saturday (June 12).

The official, speaking on condition of anonymity, said the leaders of the world’s largest advanced economies had also agreed on the need to coordinate on supply chain resilience to ensure democracies are supporting each other.

“I would say there was unanimity in terms of a willingness to call out human rights abuses and violations of fundamental freedoms that invoke our shared values,” the official said.

“There was commitment to take action in response to what we’re seeing.”

The official said the G-7 had moved far from three years ago when the final communique made no mention of China.

Under the legal structure of the World Trade Organisation, the designation of China as a “non-market economy” allows its trading partners, including the United States, to use a special framework to determine whether China’s exports are being sold at unfairly low prices and, if that is found to be the case, to apply additional anti-dumping duties.





Source link

Leave your vote

Comments

0 comments

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Finance

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Finance

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

World

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.