Probe disappoints
April 19, 2010, Monday
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Print Edition
Print Edition
CHINA is disappointed the European Union has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce spokesman Yao Jian said on Saturday. "China will closely follow this issue and reserves its right to take necessary measures in accordance with WTO rules," Yao said. The coated paper probe is the EU's first anti-subsidy probe into Chinese products.
The EU launched the anti-dumping investigation on Chinese coated paper two months ago. Increased trade protectionism is a major threat to the world economic recovery, Yao said. "To create a win-win situation, China and the EU should settle trade disputes cooperatively," he said. Ministry data show the EU initiated seven anti-dumping probes against China in 2009. The EU is China's largest trade partner, with bilateral trade exceeding US$360 billion last year.
The EU launched the anti-dumping investigation on Chinese coated paper two months ago. Increased trade protectionism is a major threat to the world economic recovery, Yao said. "To create a win-win situation, China and the EU should settle trade disputes cooperatively," he said. Ministry data show the EU initiated seven anti-dumping probes against China in 2009. The EU is China's largest trade partner, with bilateral trade exceeding US$360 billion last year.
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