Medical and Hospital News  
AEROSPACE
US claims trade victory over China over business jet tax
by Staff Writers
Washington (AFP) Oct 18, 2016


President Barack Obama's administration said Tuesday it has scored another trade victory over China, after Beijing ended a disputed tax policy that favored Chinese-produced aircraft in violation of global trade rules.

The US Trade Representative filed a dispute in December with the World Trade Organization, charging that China's 17 percent value-added tax on smaller aircraft, such as business jets, discriminated against imported aircraft.

China's decision to end the tax exemptions for aircraft under 25 metric tons effectively ends the WTO dispute settlement process, which can take six to nine months.

USTR Michael Froman applauded the victory but stressed that the administration will remain watchful for other practices that impede free trade of US products in China.

"While we are happy to announce this discrimination has ended, we remain deeply concerned about China's lack of transparency on taxes affecting American products," Froman said in a statement.

"Transparency is a core obligation in the international trading system. China should not impose discriminatory taxes or conceal them."

China is one of the fastest-growing aviation markets in the world. The USTR cited estimates by Chinese regulatory agencies of annual growth of about 19 percent a year in general aviation aircraft through 2020.

The US aerospace sector employs nearly 500,000 people and is a major exporter, and Washington has long been quick to defend it against alleged unfair treatment.

Trade is a chronic irritant between the countries as China's massive economy depends largely on exports for growth, and the United States is its biggest import market.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
AEROSPACE
Sikorsky delivers 1,000th U.S. Army H-60M Black Hawk
Stratford, Conn. (UPI) Oct 14, 2016
Sikorsky delivered the 1,000th H-60M Black Hawk helicopter to the U.S. Army Thursday, the Lockheed Martin subsidiary announced. The company delivered the first UH-60M to the service in 2007 and the first HH-60M Medevac helicopter in 2008, the company said in a statement. Thursday's ceremony marked the delivery of the 792nd UH-60M and the 208th HH-60M. The "Mike" model heli ... read more


AEROSPACE
Power impact from Matthew nowhere near Hurricane Sandy

UN worried over attacks on aid convoys in hurricane-hit Haiti

Climate change could push 122 mn into extreme poverty: UN

Father's last embrace saves girl in China building collapse

AEROSPACE
Australia's coordinates out by more than 1.5 metres: scientist

US Air Force awards Lockheed Martin $395M Contract for two GPS 3 satellites

SMC exercises contract options to procure two additional GPS III satellites

Lockheed gets $395 million GPS III Space Vehicle contract modification

AEROSPACE
Wild chimpanzee mothers teach young to use tools, video study confirms

Apes understand that some things are all in your head

Mapping the 'dark matter' of human DNA

Reading literary fiction doesn't boost social cognition

AEROSPACE
Understanding how plants withstand harsh conditions remains major research challenge

10,000 endangered frogs die in Peru

Craze for hornbill 'ivory' pushes Borneo icon to the brink

Hawaiian deep coral reefs home to unique species and extensive coral cover

AEROSPACE
Tuberculosis epidemic larger than previously thought

WHO to send 1 mln cholera vaccine doses to hurricane-hit Haiti

After hurricane, Haiti confronts cholera outbreak

X-ray free-electron laser is aiding the fight against Zika-carrying mosquitoes

AEROSPACE
Unwanted gods find new home in Hong Kong

No quick fix from China's 'two-child' policy: study

Jailed Chinese activist wins top rights prize

China jails provincial boss over $36 million in bribes

AEROSPACE
African leaders tackle piracy, illegal fishing at Lome summit

US to deport ex-navy chief drug trafficker to Guinea-Bissau

Gunmen ambush Mexican military convoy, kill 5 soldiers

Mexican army to probe killings of six in their home

AEROSPACE
Property and credit booms stablise China growth

China data and US banks propel equities higher

No debt-for-equity cure for zombie firms, says China

China's ranks of super-rich rise despite economic slowdown









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.