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Changing China's Trade Rules

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The World Trade Organization ruled to end China's restrictions on U.S. entertainment media

From CNN:

(CNN) -- The United States hailed a World Trade Organization ruling to open Chinese markets and ease controls on the import of U.S. films, DVDs, music downloads and books.

"Today, a WTO panel handed a significant victory to America's creative industries," U.S. Trade Representative Ron Kirk said Wednesday. "These findings are an important step toward ensuring market access for legitimate U.S. products in the Chinese market, as well as ensuring market access for U.S. exporters and distributors of those products."

In its ruling, the WTO said China violates free-trade rules by requiring importers to channel media products such as movies, books and music through state-owned companies, rather than giving them direct access to Chinese markets.

Read the full article.

Other Related Topics: China Investments , Export Industry , Trading Industry

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