Tuesday, 3 December 2013

China seeks WTO dispute settlement with U.S.

China wants negotiations with the United States under the World Trade Organization (WTO) dispute-settlement mechanism over anti-dumping measures by the U.S. against Chinese products, the Ministry of Commerce (MOC) said Tuesday.
"In its anti-dumping investigations and reviews, the U.S. has inappropriately applied targeted-dumping methodology, denied companies separate tax rates, and used unfavorable facts," the ministry's spokesman Shen Danyang said in a statement.
"These practices not complying with WTO rules have resulted in the mistaken confirmation that Chinese products are dumped, and severely magnified the dumping margins," Shen said.
The spokesman said anti-dumping measures launched by the U.S., totaling 13 and covering products such as oil well pipelines, involved a total export value of 8.4 billion U.S. dollars.
"The wrong practices by the U.S. have seriously damaged the legitimate interests of Chinese companies, with which domestic industries are strongly dissatisfied," Shen said.
He said that China is resolutely against misuse of trade remedy rules and protectionism. "China will also determinedly maintain its rights as a WTO member and safeguard the interests of domestic industries," he said.
He added that China wishes to seek negotiations with the U.S. under the WTO dispute settlement mechanism, and hopes that the U.S. can correct its wrong practices and properly address China's concerns.

Source: Xinhua

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