News from the Institute for International Trade
Weinian Hu - Research Fellow at Centre for European Policy Studies, Belgium.
Industrial subsidisation is an area identified for WTO rule-strengthening by the European Union (EU) and the Trilateral Trade Ministerial Cooperation (hereafter Trilateral Cooperation). The aim is to curb certain trade practices spearheaded by China’s state-owned enterprises (SOEs), which allegedly engender over-capacity, distort markets and undermine the effectiveness of the WTO Agreement on Subsidies and Countervailing Measures (ASCM). The obligations of transparency and notification prescribed by the ASCM require strengthening, too.