Home>>Trade News>>details

China Doesn't Subsidize Export of Famous Brands

Dec 24, 2008 Trade


China doesn't subsidize the export of famous brands, an official responsible for the selection of famous brands said Tuesday.

Every country encourages its enterprises to produce better goods, improve product quality and raise brand value, and that's why China has famous brand selection, said Hui Boyang, deputy director of the quality management department of the General Administration of Quality Supervision,Inspection and Quarantine.


In fact, 'famous brand' is just an honorary title, Hui told Xinhua.


Some local governments do give rewards to those selected enterprises, but these rewards are small, symbolic and one-off, not a long-term preferential policy, he said.


In short, China gives no subsidies to help the export of 'famous brands,' he said. While policies like export tax rebate are based on all eligible products instead of certain brands.


Hui's comment came days after the United States and Mexico filed a complaint against China at the World Trade Organization (WTO), claiming China was using subsidies to promote export of its famous brands.


We were disturbed to find that China still appears to be using WTO-illegal measures to promote exports, ranging from textiles and refrigerator to beer and peanuts, U.S. Trade Representative Susan Schwab said in a statement.


We are going to the WTO today ... to fight industrial policies that aim to unfairly promote Chinese branded products, it said.


Source: CRIEnglish


 


 


 


 


 


 

 
图片说明