Geneva [Switzerland], January 26 (ANI): The World Trade Organisation issued a decision in the US-China dispute over subsidy duties on Wednesday and said that Beijing can impose duties on USD 645 million worth of US imports annually.
"We determine that the level of N/I of benefits accruing to China as a result of the WTO-inconsistent methodologies used by the United States in the CVD proceedings concerning products imported from China is USD 645.121 million per annum," said a decision by the WTO arbitrator on Wednesday.
"Therefore, in accordance with Article 22 of the DSU, China may request authorization from the DSB (Dispute Settlement Body) to suspend concessions or other obligations at a level not exceeding USD 645.121 million per annum," read the decision by the arbitrator.
The WTO arbitrator issued the decision on Wednesday on the level of countermeasures China may request in its dispute with the United States regarding US countervailing duties on certain products from China.
"In light of the parties' arguments and evidence in these proceedings, we have determined that the appropriate level of N/I is USD 645.121 million per annum. We have calculated this figure based on the parties' agreement to use a two-step Armington model," said the decision.
The decision also said that the present arbitration proceedings arise in a dispute initiated by China against the United States. The challenged measures of the United States relating to the imposition of countervailing duties on a range of Chinese products, and the investigations leading to the imposition of such duties. These measures were found to be WTO-inconsistent in the original and compliance proceedings, following which China requested the DSB authorization to suspend concessions at an annual amount of USD 2.4 billion, according to WTO. (ANI)