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US to review if China yuan actions violate WTO-Kirk

Published 03/12/2009, 12:55 PM
Updated 03/12/2009, 12:56 PM

WASHINGTON, March 12 (Reuters) - The United States will examine whether China's currency practices are consistent with Beijing's obligations under the World Trade Organization, U.S. Trade Representative-designee Ron Kirk said on Thursday.

In written responses to the Senate Finance Committee, Kirk declined to say whether China is "manipulating" its currency as President Barack Obama said during last year's campaign.

But he said the Obama administration would "develop a comprehensive and integrated policy to address the full range of China's trade policies that impact the United States."

"As part of this comprehensive effort, of course, we will need to review China's actions for consistency with its WTO obligations," Kirk said in response to questions from a number of senators about China's exchange rate practices.

(Reporting by Doug Palmer; Editing by Sandra Maler)

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