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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.

Current situation:

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.

Consultation:

Date of request: 03/03/2008

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