Chip Export Restriction Agreement

From April 3rd to 4th local time, the WTO Council for Trade in Goods held a meeting. At the meeting, China raised concerns about "an agreement between the United States, Japan and the Netherlands on chip export restrictions."

The Chinese representative said there was no official information on the agreement, which was widely exposed in the media. China asked the three WTO members, does the agreement exist? If so, should WTO members be notified and reviewed by WTO members?

The Chinese representative pointed out that the relevant members may have clearly realized that the agreement violated WTO rules, so they deliberately kept a low profile on the content of the agreement. China believes that the agreement violates the principle of openness and transparency of the WTO and undermines the authority and effectiveness of WTO rules, and requires the United States, Japan, and the Netherlands to notify the WTO of the agreement and subsequent measures, and calls on the WTO to strengthen enforcement of these measures supervision