China's Commerce Ministry said on Friday that it regrets a ruling by a Worl...
FILE PHOTO: The World Trade Organization headquarters are pictured in Geneva, Switzerland, July 26, 2018. REUTERS/Denis Balibouse/File Photo
SHANGHAI - China’s Commerce Ministry said on Friday that it regrets a ruling by a World Trade Organization panel that its administration of tariff-rate quotas for rice, wheat and corn violated its accession commitments. A WTO dispute panel ruled on Thursday that under the terms of China’s 2001 WTO accession, Beijing’s administration of the tariff rate quotas violated its obligation to administer them on a “transparent, predictable and fair basis”.
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