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NFTC Welcomes Consultations on Trade Dispute with China
Date: 6/23/2009
Written By: Jennifer Cummings, The Fratelli Group for NFTC, 202-822-9491

Washington, DC – National Foreign Trade Council (NFTC) President Bill Reinsch released the following statement in response to today’s announcement by U.S. Trade Representative Ron Kirk that the United States has requested World Trade Organization (WTO) dispute settlement consultations with China regarding the country’s alleged restrictions on exports of a number of raw materials.

“We applaud Ambassador Kirk for asserting the United States’ rights with respect to the WTO and pursuing consultations to resolve this matter.

“As an organization that has advocated for an open, rules-based trading system for the past 95 years, the NFTC believes that in order for the system to function well, trade rules must be enforced. One of the most important functions that the WTO performs is to resolve disputes between trading partners, helping to ensure that all countries follow the rules of the road. We welcome a fact-based resolution of this case.”

About the NFTC

Advancing Global Commerce for 95 Years - The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.