SHANGHAI (Reuters) - China's Commerce Ministry said on Friday that it regrets a ruling by a World Trade Organization panel that its administration of tariff-rate quotas for rice, wheat and corn violated its accession commitments.
A WTO dispute panel ruled on Thursday that under the terms of China's 2001 WTO accession, Beijing's administration of the tariff rate quotas (TRQs) violated its obligation to administer them on a "transparent, predictable and fair basis".
(Reporting by John Ruwitch, Wang Jing and Winni Zhou; Editing by Kim Coghill)
