12.1 C
Delhi
Thursday, February 9, 2023

China sues US over chip ban

Beijing says Washington’s recently adopted export controls on semiconductors threaten the country’s interests

China has filed a formal complaint with the World Trade Organization (WTO) over chip export curbs recently imposed by the US, China’s Commerce Ministry said on Monday.

According to the statement, Washington’s export control measures threaten the interests of Chinese companies.

China filed a lawsuit within the WTO framework as a necessary way to address our concerns through legal means and to defend our legitimate rights and interests,” the ministry said in a statement.

ADVERTISEMENT

It added that Washington’s ban also undermines the stability of global industrial supply chains.

The US has been… abusing export control measures, obstructing normal international trade in products such as chips, undermining the international economic and trade order… which is a typical trade protectionist practice.

The US Department of Commerce passed a new set of export controls on semiconductors in early October. They were designed to prevent China from obtaining high-end US technology that could be used for military purposes. China repeatedly called the measures unfair and warned they may backfire on US companies.


READ MORE: China slams US trade policies

ADVERTISEMENT

Washington acknowledged the receipt of a “request for consultations” from Beijing within the WTO, which is the first step to resolve any trade dispute within the organization. However, it considers the export controls in question a matter of national security, and that “the WTO is not the appropriate forum to discuss issues related to national security,” Adam Hodge, spokesman for the Office of the US Trade Representative, said in an emailed statement to Reuters.

For more stories on economy & finance visit RT’s business section

December 13, 2022 at 03:23PM
RT

ADVERTISEMENT

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles