Cases involving the EU
WT/DS 372 - China – Measures Affecting Financial Information Services and Foreign Financial Information Suppliers
Last update: 27/10/2010
- Complaint by: EU - United States
- Complaint against: China
- Third parties:
Summary of case:
China requires foreign financial information suppliers to operate through a government-designated agent. the only designated agent so far belongs to Xinhua News Agency, the State News Agency, which is also in charge of regulating the sector and, in addition, operates a commercial financial information supplier in competition with foreign providers. Moreover, China does not allow foreign suppliers to set up a commercial presence other than in the form of very limited representative offices.
Relevant WTO provision:
Articles XVI and XVII GATS; Standstill in China's GATS schedule; commitment to regulatory independance in China's Accession Protocol; Article 39.2 TRIPS.
DSU consultations were held on 22-23 April 2008. the commission is exploring the possibility of an amicable settlement before taking any further partner steps in the DSU context.
Date of request: 03/03/2008
- 05/03/2008 - China – Measures Affecting Financial Information Services and Foreign Financial Information Suppliers
- 18/03/2008 - Request to Join Consultations - Communication from the United States
- 26/03/2008 - Acceptance by China of the Request to Join Consultations
- 13/11/2008 - Memorandum of Understanding Between the People's Republic of China and the European Communities Regarding Measures Affecting Foreign Suppliers of Financial Information Services
- 09/12/2008 - Joint Communication from China and the European Communities