China blasts US move on oil pipe tariffs
Source: Xinhua |
January 1, 2010, Friday
|
Print Edition
Print Edition
CHINA expressed yesterday strong dissatisfaction and resolute opposition to the United States decision to slap punitive penalties on Chinese oil well pipe imports, saying the goods are no threat to American companies.
The US International Trade Commission on Wednesday made an affirmative determination in its final phase countervailing duty investigation on the China-made oil pipes, imposing duties of 10.36 percent to 15.78 percent on the imports, a move to offset government subsidies it said China provided to its steel makers.
The ITC figures show that the US imported about US$2.8 billion worth of oil well pipes in 2008.
An official from the Ministry of Commerce said in an online statement that China was strongly dissatisfied with and resolutely opposed the vote of the ITC for countervailing duties, as it is the shrinking demand for oil amid the global financial crises, not the Chinese imports, that caused problems for the US firms.
The US domestic makers have been seeking opportunities to gain trade relief and protection, and attributed their hardships to imports, said the unnamed official in the statement.
The accusation that Chinese oil well pipes have damaged the US industry is wrong and ignored the fact that the global financial crises was the root cause for the industry's difficulties, the statement said.
The US International Trade Commission on Wednesday made an affirmative determination in its final phase countervailing duty investigation on the China-made oil pipes, imposing duties of 10.36 percent to 15.78 percent on the imports, a move to offset government subsidies it said China provided to its steel makers.
The ITC figures show that the US imported about US$2.8 billion worth of oil well pipes in 2008.
An official from the Ministry of Commerce said in an online statement that China was strongly dissatisfied with and resolutely opposed the vote of the ITC for countervailing duties, as it is the shrinking demand for oil amid the global financial crises, not the Chinese imports, that caused problems for the US firms.
The US domestic makers have been seeking opportunities to gain trade relief and protection, and attributed their hardships to imports, said the unnamed official in the statement.
The accusation that Chinese oil well pipes have damaged the US industry is wrong and ignored the fact that the global financial crises was the root cause for the industry's difficulties, the statement said.
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