Renewable Energy

WTO suspends litigation over China "market economy" status at Beijing's request

Credit: REUTERS/DENIS BALIBOUSE

The World Trade Organization has suspended litigation in a dispute over China's status as a market economy at Beijing's request, the panel of three adjudicators said in a statement published on Monday.

GENEVA, June 17 (Reuters) - The World Trade Organization has suspended litigation in a dispute over China's status as a market economy at Beijing's request, the panel of three adjudicators said in a statement published on Monday.

China went to the WTO in December 2016, accusing the European Union and the United States of breaking a promise to take Chinese prices at face value and treat China as a "market economy". It only pursued the case against the EU, but asked to suspend proceedings on May 7, the panel said.

(Reporting by Tom Miles Editing by Raissa Kasolowsky)

((tom.miles@thomsonreuters.com; +41 58 306 2006; Reuters Messaging: tom.miles.reuters.com@reuters.net))

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