Trade Dispute Will Head to the WTO

Bloomberg reports via the IHT:

The World Trade Organization has agreed to examine Chinese duties on imported car parts, in the first case against the Asian nation to reach arbitration. China requires that General Motors, Volkswagen, Renault and other automakers operating in the country buy a certain quantity of their components from local suppliers, and it applies a 25 percent import duty on parts, compared with a 10 percent duty on complete cars. The European Union, the United States and Canada have argued that the duties violate pledges China made when it joined the WTO in 2001

To read more:

http://www.iht.com/articles/2006/10/27/business/chinaauto.php