Washington DC – Today, the National Foreign Trade Council (NFTC) welcomed news that the United States has launched a new trade enforcement action at the World Trade Organization (WTO) against China regarding its export duties on nine raw materials.
“We applaud the Administration for taking strong action to ensure China fulfills its WTO obligations,” said NFTC President Rufus Yerxa. “The action taken today also helps ensure a level playing field for U.S. manufacturers, who use the raw materials in question – from copper to tin – to produce goods exported the world over, supporting U.S. economic growth and jobs.”
“The use of export duties by our competitors impacts the ability of U.S. companies to compete globally, and constitutes the kind of unfair subsidy practice we should be challenging vigorously in the WTO,” said Yerxa.
About the NFTC
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.Follow us on:
