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World Hong Kong Takes Formal WTO Action On U.S. ‘Made in China’ Order

11:56  30 october  2020
11:56  30 october  2020 Source:   bloomberg.com

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Hong Kong will formally challenge a US demand that it changes the way it labels its exports as the city grapples with the international fallout from Beijing’ s The territory’ s government said that new US rules — which require that products exported from Hong Kong to the US are labelled “ Made in China ”

MEMBER INFORMATION: Hong Kong , China and the WTO - This page gathers key information on Hong Kong , China ' s participation in the WTO . Hong Kong , China TPR documents > search > help. Regional Trade Agreements of Hong Kong , China .

(Bloomberg) -- The Hong Kong government is taking formal action at the World Trade Organization against the U.S. over pending regulation that the city label goods manufactured there as ‘Made in China.’

a large ship in a body of water with a city in the background: The city skyline stands in the distance as vessels and barges are docked in New Yau Ma Tei Typhoon Shelter in Hong Kong, China, on Monday, July 27, 2020. Hong Kong's economy may take longer than expected to recover due to the fluidity of the local virus situation and global economic uncertainties, Financial Secretary Paul Chan said. © Bloomberg The city skyline stands in the distance as vessels and barges are docked in New Yau Ma Tei Typhoon Shelter in Hong Kong, China, on Monday, July 27, 2020. Hong Kong's economy may take longer than expected to recover due to the fluidity of the local virus situation and global economic uncertainties, Financial Secretary Paul Chan said.

Hong Kong has launched procedures under the WTO’s dispute settlement mechanism requesting a bilateral consultation with the U.S., Secretary for Commerce and Economic Development Edward Yau said at a press briefing Friday.

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The administration of US President Donald Trump has said Hong Kong - made products exported to America must be labelled “ Made In China ”. Commerce secretary Edward Yau says WTO settlement mechanisms could be next step, depending on response to letter sent to US trade representative.

“With China ' s membership, the WTO will take a major step towards becoming a truly world the WTO Agreement will be implemented by China in an effective and uniform manner by revising its existing From that date, Hong Kong became a Special Administrative Region of China . As such it would, inter

According to WTO rules, the U.S. must respond to Hong Kong’s request within 10 days and conduct the consultation with Hong Kong within 30 days, he said. After that, if the two sides can’t come to an agreement within 60 days Hong Kong has the right to request a panel be formed to settle the dispute, Yau said.

The city retains separate representation at the global trade body and has a separate customs jurisdiction from mainland China.

“Given the disappointing response of the U.S. in the past six weeks it is necessary for the Hong Kong government to take further action against the U.S.,” Yau said.

Hong Kong has increasingly become a target for the U.S. amid its trade war with China. The city’s status as an Asian financial hub and its relationship with the mainland have come under scrutiny, especially after a national security law was imposed in June in response to months of political unrest.

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usr: 0
This is interesting!