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China commerce ministry says regrets WTO ruling on wheat, rice subsidies

China commerce ministry says regrets WTO ruling on wheat, rice subsidies© Reuters. An automated combine harvester harvests rice next to a tractor during a trial on a field in Xinghua

BEIJING (Reuters) – China on Friday said it regretted a lack of support from experts after the United States won a World Trade Organization (WTO) ruling on China’s wheat and rice subsidies.

The Ministry of Commerce said in a statement that government support for the agriculture sector was allowed under WTO rules and was a common practice among countries.

China will continue to promote development of the sector in line with WTO rules and safeguard the stability of the multi-lateral trade system, it added.

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Source: Investing.com

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