InfoAnda - China won't challenge WTO ruling in U.S. bank card row |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

New Thai government mulls cabinet as police stand guard | 16 December 2008
ASEAN urged to rethink December summit in Thailand | 26 November 2008
Greece hit by widening deficit, ratings downgrade | 23 April 2010

NZ consumer confidence perks up in May | 21 May 2010

Forum Views () Forum Replies ()

Read more with google mobile : China won't challenge WTO ruling in U.S. bank card row |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Breakingviews Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Video Reuters TV Reuters News Article Comments (0) Pictures Tech toys making noise The IFA consumer electronics fair kicks off in Berlin, showcasing the world's latest tech gadgets. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read U.S. ends criminal probe of controversial Arizona sheriff 1:59am EDT CDC says 10,000 at risk of hantavirus in Yosemite outbreak 31 Aug 2012 Facebook cracks down on fake "Likes" 31 Aug 2012 Apple targets more Samsung products in patent suit 31 Aug 2012 Major quake off Philippines causes panic but minor damage 31 Aug 2012 Discussed 59 Romney tells voters to move on from Obama disappointment 47 Exclusive: Pentagon threatens legal action over bin Laden book 19 Several dead in shootout in New Jersey shopping plaza: report Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Tech toys make noise The IFA consumer electronics fair kicks off in Berlin, showcasing the world's latest tech gadgets. Slideshow Burning Man Strange sights at the Burning Man 2012 arts and music festival in the Black Rock Desert of Nevada. Slideshow China won't challenge WTO ruling in U.S. bank card row Tweet Share this Email Print Related News China won't challenge WTO ruling in U.S. bank card row Fri, Aug 31 2012 Special Report: China Inc's debacle in the Outback Thu, Aug 30 2012 Argentina accused of "protectionism" at WTO, strikes back Tue, Aug 21 2012 Analysis: Rhetoric aside, Obama and Romney not far apart on trade Thu, Aug 16 2012 Japan to deport Chinese activists after island landing Thu, Aug 16 2012 Analysis & Opinion Public investors lose in Mongol mining battle Prepaid debit-card datapoints of the day Related Topics Tech » China » By Tom Miles and Doug Palmer GENEVA/WASHINGTON | Fri Aug 31, 2012 6:26pm EDT GENEVA/WASHINGTON (Reuters) - The United States welcomed China's decision on Friday not to appeal a trade panel ruling that Beijing discriminated against U.S. bank card suppliers such as Mastercard Inc and Visa Inc in favor of a state-owned enterprise, China UnionPay. "Fair and open financial services markets are critical to facilitating global trade," U.S. Trade Representative Ron Kirk said in a statement, noting that China now had 30 days to say how it would comply with the World Trade Organization's July 16 ruling. The U.S. case accused China of imposing a series of measures dating back to 2001 that discriminated against foreign suppliers of electronic payment systems that allow consumers to make purchases using credit, debit, prepaid and other payment cards. More than $1 trillion worth of electronic payment card transactions are processed in China each year, making it a hugely attractive market for U.S. electronic payment services firms such as Visa and MasterCard. "The WTO panel agreed that China's pervasive and discriminatory practices are unfair to American suppliers of electronic payment services and discriminate at each stage of a payment card transaction," Kirk said. "The message to the Government of China is that those practices must end," Kirk said. As many as 6,000 jobs could be gained from increased access to China's electronic payments market, Kirk's office said. China had until Friday to notify the WTO whether it intended to appeal the July decision. In a statement, Beijing played down the significance of the panel's ruling, even though the United States heralded it as a major victory in its effort to open China's financial services sector to more foreign competition. "In fact, China's electronic payments market is already very open," China's Commerce Ministry said. "The panel's decision rejected the U.S. charges that UnionPay was the only service provider, and affirmed that (China's policy) does not prevent foreign service providers from entering China's market." Although the July ruling found that China UnionPay (CUP) had a monopoly on yuan payment cards issued and used in China, it rejected the U.S. claim that CUP was an "across-the-board monopoly supplier" for all transactions denominated in yuan. A U.S. diplomat, according to a transcript that did not identify individuals by name, told the WTO's Dispute Settlement Body the United States was disappointed the ruling had stopped short of branding CUP as a "monopoly or exclusive supplier". China's representative at the meeting said that claim had been the centerpiece of the U.S. case, and China commended the dispute panel for rejecting it. However, despite China's decision not to appeal, the Chinese official also said that the ruling was not entirely free from error, and China was "troubled" by parts of it. The Chinese Commerce Ministry, in its statement, said China believed "cooperation and competition" between domestic and foreign companies would help develop its payments market. "China will continue to push forward with reform and opening up and international cooperation in the electronic payments market," the ministry said. (Additonal reporting by Ben Blanchard in Beijing and Doug Palmer in Washington; Editing by Stephen Nisbet and David Brunnstrom) Tech China Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 1 September 2012
U.N. chief defends Iran visit, says pushed for change |
Russia optimistic on U.S. trade vote, officials say |
Russia's Putin calls for Stalin-style leap forward |
Mexico's Pena Nieto confirmed president-elect, rival defiant |
Thousands join peaceful Bahrain anti-government protest |
Angolans vote peacefully despite anger over inequality |
France's Hollande speeds launch of state investment bank |
Exclusive: Walmart tests iPhone app checkout feature |
Facebook cracks down on fake Likes |
Sharp to get $1.92 billion from main creditors: Nikkei |
Depardieu, Adjani to star in France's Strauss-Kahn movie |
Rising star Efron sees film career at crossroads |
Eastwood, empty chair hijack Republican media coverage |
Twin suicide bomb attack kills 12 in east Afghanistan |
Clinton says U.S. can work with China in Pacific |
Chinese activist Chen to visit China's rival Taiwan |
Ban Ki-moon defends Iran visit, says pushed for change |
Maldives police disperse protesters after clash |
Mexico's Pena Nieto confirmed president-elect, rival defiant |
Venezuela restarts two refinery units after blast |
U.S.-Israeli military exercise to be smaller than first planned |
Apple targets more Samsung products in patent suit |
China won't challenge WTO ruling in U.S. bank card row |
Second Hobbit movie gets new name, July 2014 release for third |
Neil Armstrong signature triples in value after his death |
Syrian rebels hit back at Assad's air power |
Iran to hold major air defense drill: commander |
French pessimism nears all-time high: poll |
Austrian foreign minister takes hard line on Greek aid: paper |
Iraq's monthly death toll halves in August |
Wildfire under control near Spain's Marbella |
Iran, North Korea agree to cooperate in science, technology |
Indonesia anti-terror squad kills two suspected militants |
Dos Santos' party heads for Angola election win |
Romania to hold parliamentary election on December 9 |
Actors shine in Venice film based on Scientology |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01