China, U.S. and Mexico could take several years litigation subsidies.

<P>: Http://finance. Hearing, in the United States and Mexico, the second request, the World Trade Organization (WTO) has recently decided to set up an expert group to the two alleged Chinese "illegal trade subsidy practices" investigation and adjudication .. .Experts said that the lawsuit could take years. .</ P> <P> held in the August 31 meeting of the WTO Dispute Settlement Body, the United States and Mexico to repeat since February this year China's allegation that China's use of tax cuts, tax exemptions and other compensation measures .the export of domestic products disguised subsidies and unfair competition. .</ P> <P> This is the second time the United States and Mexico requested the establishment of WTO Panel to investigate the case, the two had in July this year, requested establishment of the WTO Panel, but rejected by China according to relevant procedures. .</ P> <P> Mei Xinyu, researcher at the Chinese Ministry of Commerce said in an interview yesterday that China will certainly make full use of WTO rules, to fight the case. .</ P> <P> "I have seen the United States and Mexico earnest queries submitted, it is not just one or two industries, but virtually the entire economic system of China. A lot at a very reasonable question, China can this one by one .countered. "Mei Xinyu said. .</ P> <P> example, he said, U.S. and Mexico questioned the existence of Chinese commercial banks offer credit, this does not make sense, first, to give different rates to different customers is itself the product of competition in the market; Second, China's commercial .Bank of diversified equity and governance structure determines a bank decision must be responsible for all shareholders, preferential credit is very difficult to use as a tool for government policy. .Commercial banks offer credit scale is mainly due to objective factors, is the competition for a small number of quality customers. .</ P> <P> countervailing expert Shengxing are told this reporter that China can exercise the right to prevent the establishment of expert groups, but July has been exercised only once, so no power to stop the establishment of the China Group. .This also means that discussions can not resolve the dispute "upgrade" to the expert authority and professional bodies to hear, even in the trial process can continue consultations. .But the current situation, it is difficult to discuss settlement of the case, the entire case is estimated to last for years. .</ P> <P> previously reported, according to relevant WTO Panel's ruling, the general is to authorize a State party to take retaliatory trade measures the respondent. .</ P> <P> accordance with the relevant procedures, the WTO Panel in place about 45 days needed to complete the report of the first decisions you need at least six months, and the Group of Experts on the Chinese side the right to appeal the decision. .</ P> <P> Shengxing that certain aspects of China if the Panel ruled inconsistent with WTO rules and the proposed changes, China could thus appeal to the WTO Appellate Body, the Appellate Body's decision is reasonable expert group will be heard again .and trial results to the WTO final ruling body, the final result decided by the final ruling body members to vote, as long as a favor, the Appellate Body to submit results of the trial to take effect. .</ P> <P> representative of China, Lu Kun first meeting on the same day issued a statement on the US-Mexican negotiations between the two countries despite the progress made by the relevant insisted the practice to set up a group of experts expressed disappointment and regret. .Statement that the investigation process in the group of experts, China will continue to defend its position and interests. .</ P>.