Ex-Im Bank this year marks its 71st year of helping finance the sale of
U.

fisheries analogous

WTO consultations would allow all parties to clarify their
positions and seek a resolution to the issue.
China has 10 days to respond to the request and is obligated by WTO rules to
enter in consultations in good faith within 30 days . If the issue cannot be
resolved in consultations within 60 days then the parties have the option of
requesting a WTO panel to hear and rule on the dispute.
Washington, D.

export exporters

It
remains my strong preference and intention to seek an amicable solution to
this issue.
This can be problematic for EU producers in China who are not able to
import parts from their own factories in Europe without unfair tariffs.

Training Available to Help Eastern U.S. Firms Increase Foreign Sales and U.S. Jobs Lenders Expand Trade Finance Business

S.8 billion in U.

deliver dept

The consultations are a procedural step that will allow all
parties to clarify legal issues and seek a constructive solution to the issue.

hyperlinks invloved

Lenders taking the March 9 training will be granted delegated authority
status, enabling them to approve working capital loans guaranteed by Ex-Im
Bank without prior approval from Ex-Im Bank, expediting exporters' access to
capital.

'
Resources which assist , or of use to persons invloved in, or learning about the Import and Export Industry.

deliver wto

WASHINGTON, The EU has today asked China to
participate in consultations at the WTO in Geneva on China's tariff rules on
parts for automobiles, which the EU believes are not compatible with China's
WTO obligations .

- 4:30 p.

WHERE: Ex-Im Bank headquarters
Room 1143 , 811 Vermont Ave.S.

bxa wto

China claims that the measures are designed to avoid circumvention (ie,
the prevention of the importing whole cars as spare parts to avoid the higher
tariff rates for whole cars). At the time of its WTO
accession, China committed itself not to treat parts as whole cars .m. There are more than 200 Ex-Im Bank Delegated Authority Lenders
nationwide.

sgs import

Although China has recognized the seriousness of the problem
for the EU, it has not yet provided sufficient reassurance that the problem is
being addressed.
The EU believes that Chinese tariff laws for spare auto parts are WTO-
incompatible.
The request for consultations has been filed with the WTO in Geneva today.m.m.

fisheries phytosanitary

exim.

volumes deliver

However the WTO has found in the past that the
objective of measures does not justify their form -- and in this case the
measures appear to the EU to be WTO-incompatible . (Ex-Im Bank) in
financing those exports, at an Exporter/Lender Seminar March 7-8, 2005 at Ex-
Im Bank headquarters in Washington, D.

Delegated Authority Training -- March 9, 8:45 a. to 12:00 p.

Additional Ex-Im Bank Exporter/Lender Seminars will be held at Ex-Im Bank
headquarters on May 9-10 and July 11-12.S. exports, primarily to emerging markets throughout the world, by providing
loan guarantees, export credit insurance, and direct loans.

invloved volumes

phytosanitary sanitary

exporters export

EU Trade Commissioner Peter Mandelson said: "Consultations will allow us
to clarify the legal issues and find a mutually satisfactory solution . WASHINGTON, Companies in the eastern United States
can learn how to increase export sales and jobs and minimize risk, and banks
can learn how to work with the Export-Import Bank of the U.

agreements gats

The
EU has about 20-25% of the car production market in China. Other WTO members have
the right to request participation in the consultations.

COST: $499 ($449 for small businesses )

TO REGISTER: Log on to http://www.

export fisheries

The EU is committed to finding a constructive and amicable solution to
this issue., N.

leads analogous

"
The EU first raised the issue of its tariffs on car parts in 2004. In fiscal year
2004, Ex-Im Bank, an independent federal agency, authorized financing to
support approximately $17.

deliver bxa

C.

wto deliver

The EU believes that this may contravene China's WTO obligations not to impose
obligatory "local content" rules: to avoid the "whole car" tariff rates a car-
maker has to source 40% or more of the spare parts by value in China.

dept trade

The EU
believes it may constitute an internal tax on imported goods -- because the
tariff is levied on a finished product constructed with imported parts and the
same rates are not applied to cars produced with local spare parts.

EVENT: Ex-Im Bank Exporter/Lender Seminar

WHEN: Monday-Tuesday, March 7-8, 8:30 a.C.m.

trade export

EU Requests WTO Consultations With China on Auto Parts Tariffs

The US will also request consultations with China on this issue today.

leads bxa

Chinese rules apply the tariffs for "whole vehicles" to the
import of spare parts making up 60% or more of the value of a final vehicle. Following this event, a half-day
training seminar will be held March 9, 2005 at Ex-Im Bank headquarters for
commercial lenders wanting to become Delegated Authority Lenders under Ex-Im
Bank's Working Capital Guarantee Program. Case studies and classroom discussions will facilitate
attendees' understanding of the many dynamic trade products and services
available. exports worldwide, a 25% jump from
a year earlier.

export invloved

This is a routine problem in the EU's wide trade relationship with China.
The EU has pursued similar local content cases with India, Canada and
Indonesia.

exporting analogous

The EU
requested action to address the problem at the EU-China Joint Trade Committee
in October 2005.W.gov and click on the "seminars"
link, call 202-565-3912 or fax an application to
202-565-3723

Participants in the March 7-8 seminar will learn how to: obtain working
capital loans to fill foreign sales orders, offer competitive credit terms to
foreign buyers with limited risks, handle disbursement and legal issues of
financing foreign buyers, protect against buyer nonpayment, develop project
finance capabilities, enter new and risky markets while increasing sales, and
access special financing products for environmental, minority and women-owned,
and rural businesses.

agreements export

'A Resources directory is analogous to the Reference Room of a library.

deliver professors

The EU and the US are both parties to the request.

wto professors

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- - kjjkjk

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