UK Markets close in 7 hrs 28 mins
  • FTSE 100

    7,058.88
    +19.58 (+0.28%)
     
  • FTSE 250

    22,501.27
    +115.37 (+0.52%)
     
  • AIM

    1,257.59
    -3.45 (-0.27%)
     
  • GBP/EUR

    1.1562
    -0.0014 (-0.12%)
     
  • GBP/USD

    1.3904
    -0.0003 (-0.0250%)
     
  • BTC-GBP

    40,866.89
    +1,212.07 (+3.06%)
     
  • CMC Crypto 200

    1,457.29
    +51.98 (+3.70%)
     
  • S&P 500

    4,167.59
    +2.93 (+0.07%)
     
  • DOW

    34,230.34
    +97.31 (+0.29%)
     
  • CRUDE OIL

    65.86
    +0.23 (+0.35%)
     
  • GOLD FUTURES

    1,792.00
    +7.70 (+0.43%)
     
  • NIKKEI 225

    29,331.37
    +518.74 (+1.80%)
     
  • HANG SENG

    28,596.38
    +178.40 (+0.63%)
     
  • DAX

    15,257.34
    +86.56 (+0.57%)
     
  • CAC 40

    6,367.85
    +28.38 (+0.45%)
     

Hong Kong launches WTO trade dispute against U.S. over labelling

·1-min read
A delegate arrives before a meeting at the World Trade Organization (WTO) in Geneva

GENEVA (Reuters) - Hong Kong has launched a trade dispute against the United States over what it says is a U.S. requirement that goods from Hong Kong be marked as coming from China, a World Trade Organization (WTO) document showed on Tuesday.

Hong Kong had made a "request for consultations", the first step in a WTO dispute on Oct. 30, the document showed.

The complaint pointed to a new U.S. rule announced by U.S. Customs and Border Protection in August that goods from Hong Kong would have to be marked as coming from China. The rule was to have taken effect in late September, but the requirement for compliance was then extended to Nov. 10.

The United States formerly allowed Hong Kong to be named as the place of origin. Hong Kong, a special administrative region of China, is a member in its own right at the 164-member WTO.

It has become a flash point between China and the United States, whose relations are strained over trade, China’s claims in the South China Sea and its treatment of its Muslim Uighur minority.

Hong Kong argues that the rule breaches WTO rules of non-discrimination because the United States generally allows goods originating from a territory of other WTO members to be marked as coming from that territory.

Under WTO rules, the two sides have 60 days to try to settle the dispute through consultations, after which time Hong Kong could ask the WTO to adjudicate.

(Reporting by Emma Farge; editing by Philip Blenkinsop)