Washington to file WTO complaint against China over car dutiesJuly 5, 2012 - 15:43 AMT PanARMENIAN.Net - The United States will file a complaint against China on Thursday, July 5 with the World Trade Organization for imposing duties on more than $3 billion worth of U.S.-made autos, a senior U.S. official said, according to Reuters. "The key principle at stake is that China must play by the rules of the global trading system. When it does not, the Obama Administration will take action to ensure that American businesses and workers are competing on a level playing field," a senior administration official said in an e-mail. The duties cover more than 80 percent of U.S. auto exports to China. "The duties disproportionately fall on General Motors and Chrysler products precisely because of the actions that President Obama took to support the U.S. auto industry during the financial crisis," the official said. Obama will highlight his bailout of the auto industry during a two-day campaign bus tour of Ohio and Pennsylvania. The WTO complaint is meant to reinforce that message and counteract criticism from Republican presidential candidate Mitt Romney that Obama has not been strict enough when dealing with China. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |