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China says regrets WTO panel ruling on grain import quotas

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)

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