China says Europe’s refusal not constructive
Print Edition
CHINA yesterday slammed a recent European Parliament resolution refusing to grant China market economy status, saying the move was not constructive.
“As the world’s second-largest economy and biggest trade partner for more than 130 countries, China has become a bedrock for protecting global free trade. We don’t want people to continue to look at China through colored glasses,” Chinese Foreign Minister Wang Yi said.
China has offered a stable and reliable market and abundant jobs for the European Union. China hopes the EU can view China’s development objectively, respect World Trade Organization rules and deliver on its WTO obligations, Wang said at a joint press conference with his French counterpart, Jean-Marc Ayrault, after their talks.
The WTO obligations Wang mentioned include the “surrogate country system,” a term used by the EU in anti-dumping investigations, under which costs of production in a third country are used to calculate the value of products from non-market economies.
“WTO members should end the practice by December 11, 2016, under the agreement signed when China joined the World Trade Organization. It is an obligation for all the WTO members, not subject to any member’s criteria at home,” Wang said.
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