. 24/7 Space 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
Hunter's Supermoon to light up Saturday night sky

Small Impacts Are Reworking Lunar Soil Faster Than Scientists Thought

A facelift for the Moon every 81,000 years

Exploration Team Shoots for the Moon with Water-Propelled Satellite

AEROSPACE
Robot explorers headed for Mars quest: ESA

Ready for the Red Planet

ESA lander starts 3-day descent to Mars; Telemetry all good

Europe heads for Mars in search of life

AEROSPACE
Beaches, skiing and tai chi: Club Med, Chinese style

NASA begins tests to qualify Orion parachutes for mission with crew

New Zealand government open-minded on space collaboration

Growing Interest: Students Plant Seeds to Help NASA Farm in Space

AEROSPACE
China to launch manned spacecraft: Xinhua

Closing windows on Shenzhou 11

China to launch world's first X-ray pulsar navigation satellite

China may be only country with space station in 2024

AEROSPACE
Hurricane Nicole delays next US cargo mission to space

Automating sample testing thanks to space

Orbital CRS-5 launching hot and bright science to space

Roscosmos Sets New Date for Soyuz MS-02 Launch to Orbital Station

AEROSPACE
Ariane 5 ready for first Galileo payload

ILS Announces Two Missions under Its EUTELSAT Multi-Launch Agreement

More commercial spaceports going ahead

Orbital ATK and Stratolaunch partner to offer competitive launch opportunities

AEROSPACE
Proxima Centauri might be more sunlike than we thought

Stars with Three Planet-Forming Discs of Gas

TESS will provide exoplanet targets for years to come

The death of a planet nursery?

AEROSPACE
Pushing the boundaries of magnet design

Polymer breakthrough to improve things we use everyday

Efficiency plus versatility

Achieving ultra-low friction without oil additives









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.