The European Union, Japan and the United States are among the world powers pushing for stronger rules on industrial subsidies at the WTO, as well as more transparency on the role state-owned enterprises play in economies.
The EU is next month set to publish a white paper on subsidies, while it, Japan and the US are building on a trilateral statement on the issue last year that was seen as a thinly veiled attack on Beijing’s industrial policies.
We share concerns over distortions to world trade caused, for example, by the socioeconomic model of China, distortions to the level playing field, like industrial subsidies and transparency on industrial subsidies,” Valdis Dombrovskis, the EU trade commissioner, told attendees of the bloc’s Trade Policy Day on Monday.
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