China loses steel tariff dispute at WTO
Source: Agencies |
June 16, 2012, Saturday
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Print Edition
Print Edition
A World Trade Organization panel yesterday ruled in favor of the United States in a case against import duties imposed by China on a specialty steel product used in power transformers.
The product is grain-oriented electrical steel, also known as grain-oriented silicon steel, which is used for the cores of high-efficiency transformers, electric motors and generators.
"With respect to each of the 11 programs at issue, the panel concluded that China had acted inconsistently" with WTO rules governing the use of countervailing duties, the panel said in its ruling.
The Chinese mission to the WTO said in a statement from Geneva that the WTO panel had supported China's key claims and found that China acted consistently with WTO rules in some areas, such as in its subsidy calculation methodology and on the disclosure of subsidies relating to government purchases of goods.
"With regard to the Panel's findings on other issues in dispute, China will conduct further evaluation and reserves the right to appeal," it said.
The product is grain-oriented electrical steel, also known as grain-oriented silicon steel, which is used for the cores of high-efficiency transformers, electric motors and generators.
"With respect to each of the 11 programs at issue, the panel concluded that China had acted inconsistently" with WTO rules governing the use of countervailing duties, the panel said in its ruling.
The Chinese mission to the WTO said in a statement from Geneva that the WTO panel had supported China's key claims and found that China acted consistently with WTO rules in some areas, such as in its subsidy calculation methodology and on the disclosure of subsidies relating to government purchases of goods.
"With regard to the Panel's findings on other issues in dispute, China will conduct further evaluation and reserves the right to appeal," it said.
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