• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    WTO Will Discuss RMB Exchange Rate Disputes

    2011/11/16 16:37:00 11

    WTO Discussion On RMB Exchange Rate Disputes

      

    World Trade Organization

    (World Trade Organization, referred to as WTO) will study international in the next few months.

    Trade rules

    Can it be used to punish the government that manipulates the exchange rate?

    The issue is to maintain RMB and US dollar in China.

    exchange rate

    The linked policy was indignant by Brazil.


    The assessment of WTO has opened up a new front for the debate on China's policy of PEG to the US dollar. This Geneva based trade dispute arbitration body has become the latest international agency to deal with the global anxiety caused by this problem.

    At this time, western enterprises have begun to throw their views that the renminbi is linked to the US dollar as an unfair export subsidy and should be retaliate against tariffs imposed on Chinese made products.


    The government of Brazil said Monday that WTO has agreed to discuss the matter.

    WTO spokesman Rockwell (Keith Rockwell) confirmed on Tuesday that the 153 member states have reached an agreement to decide on a meeting to discuss the topic, possibly in the first half of next year.


    Rockwell said the trade ministers' meeting in Geneva next month may also discuss this.

    Issue


    Brazil first raised this question to WTO in September this year, claiming that the undervaluation of the RMB exchange rate has seriously damaged Brazil's industrial base.

    Although Brazil's economic growth is relatively fast in general, its industrial output is declining, partly due to cheaper Chinese products.


    Pimentel, Minister of trade and industry of Brazil (Fernando Pimentel) told reporters this week that exchange rate factors are destroying the production structure of Latin American countries.


    Many countries, including the United States, have long complained that China's currency undervaluation has given it an unfair export advantage.

    Many economists believe that China's exchange rate policy has kept the renminbi undervalued, to some extent, causing its huge amount.

    Balance of trade surplus


    But experts say whether such a policy violates the WTO rules will be decided by the details of international trade law.


    Rockwell said that the WTO agreement prohibits member states from using exchange rate policy to set obstacles to those countries that will be able to gain market access during the period of signing agreements.

    Rockwell said that this clause has never been examined by dispute settlement cases, so it is hard to say how it can be interpreted.


    Pedersen, Peterson Institute for International Economics, a trade expert in Washington, D.C., says Bauer may not be able to limit exchange rate manipulation.

    But he said that starting the debate on this issue alone is a way to exert greater pressure on China.

    {page_break}


    Rockwell said that next year's meeting will also study whether the WTO regulations should be adjusted so as to give WTO the power to adjudicate the exchange rate policy.


    Pimentel said this week that although China may resist the WTO's adverse ruling on the pegged exchange rate regime, WTO's decision may encourage Brazil and other countries to impose retaliatory tariffs on Chinese goods.


    The United States, which has a huge trade deficit with China, has been complaining that Beijing's exchange rate policy has damaged American economic growth and employment.

    American paper makers are among the first to raise the issue. They urge the Obama administration to impose tariffs on Chinese made paper, but their discontent has not attracted much attention.


    The US Department of Commerce rejected the idea of paper makers, but the Ministry of commerce is ready to issue a ruling on this issue again as part of a major investigation into China's imports of solar cells.


    According to the latest estimates released by Pedersen International Economic Research Institute on Monday, the degree of undervaluation of the RMB exchange rate has decreased in recent months.

    According to Klein Cline (William R. Cline) and Williamson (John Williamson) of the Institute, the appreciation of RMB against the US dollar and China's domestic inflation were higher than those of the United States, which reduced the underestimation of RMB to 11% in late October, which was lower than that in April.


    While the RMB exchange rate is undervalued, Brazil's currency is among the most expensive in the world.

    Despite its weakness in recent months, Brazil's revaluation has prompted a significant increase in recent years, forcing Brazil to consider other measures to protect local industries.


    Pimentel said that Brazil is still studying and formulating plans to impose higher taxes on imported cars from the Southern Common Market (Mercosur) trading area and outside Mexico.

    The proposed increase in taxes will actually target mainly Asian cars.

    He said the tax was questioned by WTO and WTO asked Brazil to explain it.


     
    • Related reading

    Wen Jiabao: Prices Fell Sharply &Nbsp, Reasonable Control Of Fiscal Deficit.

    Macro economy
    |
    2011/11/9 15:19:00
    9

    Wen Jiabao Attended The Meeting Of The Prime Minister Of The &Nbsp And Proposed 9 Proposals To Enhance Pragmatic Cooperation.

    Macro economy
    |
    2011/11/8 9:17:00
    8

    The Ministry Of Land And New Delineation Of The 13 Mineral Prospecting Area &Nbsp, The Potential Resources Growth Is Obvious.

    Macro economy
    |
    2011/11/7 12:03:00
    18

    In October, CPI Rose Or Fell Significantly &Nbsp, Expected To Grow By 5.5% Over The Same Period Last Year.

    Macro economy
    |
    2011/11/7 12:01:00
    13

    China'S Fiscal Revenue Will Reach 10 Trillion &Nbsp This Year, And The Party Newspaper Says The Tax Burden Is Reasonable.

    Macro economy
    |
    2011/11/7 11:57:00
    13
    Read the next article

    Before October, The Growth Rate Of Foreign Trade In The Mainland Dropped By 12%&Nbsp Compared With The Same Period Last Year, And The Surplus Decreased By 15.4%.

    The Ministry of Commerce held a regular press conference at 10 a.m. on November 16th at the Ministry of Commerce. Shen Danyang, spokesman of the Ministry of Commerce, briefed the media about the recent business operation in China and answered reporters' questions.

    主站蜘蛛池模板: 中文字幕第一页在线| 特级片在线观看| 扒开末成年粉嫩的小缝视频| 国产一级三级三级在线视| 中国胖女人一级毛片aaaaa| 第一区免费在线观看| 国产香蕉97碰碰久久人人| 亚洲va在线∨a天堂va欧美va| 香蕉久久国产精品免| 成人亚洲综合天堂| 亚洲精品成人a在线观看| 性xxxx黑人与亚洲| 无套内谢孕妇毛片免费看看| 免费看男女下面日出水来| 91久久青青草原线免费| 明星换脸高清一区二区| 啦啦啦在线观看视频直播免费| av潮喷大喷水系列无码| 欧美xxxxxxxxxx黑人| 国产chinese中国hdxxxx| avav片在线看| 最近免费中文字幕大全免费版视频| 久久只有这才是精品99| 亚洲国产成人久久| 黄色三级免费看| 成人欧美日韩高清不卡| 亚洲第一福利网站| 麻豆国产精品入口免费观看| 快拨出来老师要怀孕了| 亚洲欧美自拍明星换脸| 青青草原精品国产亚洲av| 好好的曰com久久| 亚洲aⅴ男人的天堂在线观看| 美妇与子伦亲小说| 国产综合精品一区二区三区| 久久国产免费观看精品3| 班主任丝袜脚夹茎故事| 国产最新在线视频| а√最新版地址在线天堂| 极品精品国产超清自在线观看| 啊灬啊灬啊灬快灬高潮少妇|