WTO rule aids Chinese firms
July 17, 2011, Sunday
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Print Edition
Print Edition
THE Ministry of Commerce yesterday welcomed the World Trade Organization ruling that the European Union is illegally taxing Chinese steel fasteners.
It is of great significance and will help Chinese enterprises enjoy better competitive conditions in the international market including the EU, said an unidentified official of the MOC Treaty and Law Department.
"This is not only a victory for Chinese industry but for the WTO rules as well," the official said.
The ruling has reinforced the confidence of WTO members in the WTO rules and the multilateral trading system, the official said.
The ruling from the WTO's appellate body on Friday said the EU isn't complying with international commerce rules by imposing anti-dumping duties on fasteners from China.
The WTO ruled the EU's single duty requirements and practices are discriminatory and violated WTO rules.
It said the EU isn't calculating them fairly as it takes China as a single exporter, instead of treating the companies individually.
For a long time, the EU has been requiring Chinese exporters to prove they meet with the "single duty" requirements in responding to anti-dumping cases.
The EU imposed anti-dumping duties of 26.5 to 85 percent on fasteners from China for five years in January 2009.
The WTO ruled last December that the EU anti-dumping duties are discriminatory and flout global commerce rules.
The EU appealed on March 25 this year. China appealed further on March 30 on the remaining problems that did not win support from the expert panel.
It is of great significance and will help Chinese enterprises enjoy better competitive conditions in the international market including the EU, said an unidentified official of the MOC Treaty and Law Department.
"This is not only a victory for Chinese industry but for the WTO rules as well," the official said.
The ruling has reinforced the confidence of WTO members in the WTO rules and the multilateral trading system, the official said.
The ruling from the WTO's appellate body on Friday said the EU isn't complying with international commerce rules by imposing anti-dumping duties on fasteners from China.
The WTO ruled the EU's single duty requirements and practices are discriminatory and violated WTO rules.
It said the EU isn't calculating them fairly as it takes China as a single exporter, instead of treating the companies individually.
For a long time, the EU has been requiring Chinese exporters to prove they meet with the "single duty" requirements in responding to anti-dumping cases.
The EU imposed anti-dumping duties of 26.5 to 85 percent on fasteners from China for five years in January 2009.
The WTO ruled last December that the EU anti-dumping duties are discriminatory and flout global commerce rules.
The EU appealed on March 25 this year. China appealed further on March 30 on the remaining problems that did not win support from the expert panel.
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