PIXABAY
The World Trade Organization said on Monday it would review a long-standing dispute between the China and the United States on Beijing's use of import controls for rice, wheat and corn, reports Reuters.
The Geneva-based trade watchdog ruled in 2019 against China's use of tariff-rate quotas for agricultural imports, which Washington successfully argued had limited market access for U.S. grain exports. Such quotas allow a specified quantity of goods to be imported at lower rates than usual.
China has said it has since implemented the WTO recommendations but the United States does not agree and last month said it was entitled to take "countermeasures" against Beijing, without providing details of the level of retaliation.
