China welcomed a ruling by a World Trade Organization (WTO) panel in a dispute it initiated against the United States over provisions of the U.S. Inflation Reduction Act, describing the decision as objective and impartial, the Ministry of Commerce said.
The panel ruled that the U.S. clean energy subsidy measures are inconsistent with WTO rules, requiring the United States to withdraw the subsidies in question.
China has always been a firm defender of WTO rules and a steadfast upholder of the international economic and trade order, a ministry spokesperson said in a statement on the ruling.
“We hope that the U.S. side will respect the panel’s ruling, comply with WTO rules, take prompt action to correct its wrong practices, and contribute with concrete actions to maintaining the international economic and trade order and promoting stable and orderly development of global trade,” the spokesperson said.
