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China hit by protectionist measures
By Wang Yanlin |
September 20, 2011, Tuesday
|
Print Edition
Print Edition
TRADE disputes with China are mounting as global uncertainties put pressure on national economies.
Australia is starting an anti-dumping investigation over Chinese hollow steel pipes and the European Union has imposed a protectionist duty of between 26.3 percent and 69.7 percent on Chinese ceramic tiles, China's Ministry of Commerce said yesterday.
Last week, the EU also initiated a review to decide whether it should extend the anti-dumping tariff on Chinese chamois leather.
The disputes are not all one-way. On Friday, China imposed a countervailing duty of up to 12 percent on EU potato starch because of unfair domestic subsidies.
Xue Jun, a Citic Securities analyst, said: "A worsening global economic outlook, especially in the eurozone, is a source of more trade disputes. But protectionism will not help restore global economic health."
The EU Chamber of Commerce in China has suggested the EU should pursue a trade and investment treaty with China with the aim of establishing coordinated policies.
Trade disputes between China and the EU have escalating over the past year. In May, Europe imposed a duty of between 4 percent and 12 percent on Chinese copper plate. Last month, the EU extended duty on Chinese bicycles and bicycle parts for five years and raised the tariff.
Australia is starting an anti-dumping investigation over Chinese hollow steel pipes and the European Union has imposed a protectionist duty of between 26.3 percent and 69.7 percent on Chinese ceramic tiles, China's Ministry of Commerce said yesterday.
Last week, the EU also initiated a review to decide whether it should extend the anti-dumping tariff on Chinese chamois leather.
The disputes are not all one-way. On Friday, China imposed a countervailing duty of up to 12 percent on EU potato starch because of unfair domestic subsidies.
Xue Jun, a Citic Securities analyst, said: "A worsening global economic outlook, especially in the eurozone, is a source of more trade disputes. But protectionism will not help restore global economic health."
The EU Chamber of Commerce in China has suggested the EU should pursue a trade and investment treaty with China with the aim of establishing coordinated policies.
Trade disputes between China and the EU have escalating over the past year. In May, Europe imposed a duty of between 4 percent and 12 percent on Chinese copper plate. Last month, the EU extended duty on Chinese bicycles and bicycle parts for five years and raised the tariff.
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