Insider Economy United States suspends WTO intellectual property litigation against China

United States suspends WTO intellectual property litigation against China

The United States has halted a World Trade Organization dispute over China’s treatment of intellectual property rights until Dec. 31, the WTO dispute panel hearing the case said in a statement published on Friday.

The panel of three adjudicators said the United States asked for the suspension on June 3 and China agreed the next day.

It was not clear if the suspension might signal a thawing of trade relations between the United States and China ahead of a possible meeting between Presidents Xi Jinping and Donald Trump at a G20 summit in Japan later this month.

U.S. and Chinese officials did not immediately respond to requests for comment, and the panel’s statement did not disclose any reason for suspension of the dispute, which Trump launched in March last year as part of a broader battle with Beijing over alleged theft of intellectual property.

Under WTO rules, a complainant in a trade dispute can ask for a suspension at any time for up to 12 months.

(Reuters)

Top Stories

Nicosia: 17 fined €300 each for holding house party

Despite tough lock down measures, including a ban on house gatherings except for actual residents, Nicosia police last night broke up a house party...

UK coronavirus deaths could reach 7,000 to 20,000 – Ferguson

UK deaths from the coronavirus could rise to between about 7,000 and 20,000 under measures taken to slow the spread of the virus, Neil...

CBC instructs banks not to compound interest during loan repayment moratorium

A general implementation on loan repayments will not be considered as restructuring and the banks are not to assess a possible loss in the...

India curbs diagnostic testing kit exports as virus spreads

India is restricting the export of most diagnostic testing kits, as coronavirus cases in the South Asian nation topped 3,350 on Sunday despite a...

Limassol: Five arrested after 2.3 kilos of cocaine seized

Limassol police have arrested four men and one woman after seizing 2.3 kilos of cocaine sent from Greece with a courier service. The men are...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....