国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

WTO sides with China on US trade tariff case

By Li Jiabao and Yao Jing in Beijing and Amy He in New York (China Daily) Updated: 2014-07-16 07:09

China won support from the World Trade Organization in challenging United States trade measures against Chinese products, while experts warned about underlying trade friction between the world's two biggest economies.

The WTO on Monday issued a panel report on the US' imposition of countervailing duties on 22 products from China. The WTO backed China "on many aspects ... and found the US measures breach the WTO rules, which is welcomed by China", said the Ministry of Commerce in an online statement.

Li Chenggang, director-general of the ministry's Department of Treaty and Law, told reporters in Beijing that the result was "within expectations" in view of the WTO's favorable ruling in a similar case in March 2011.

WTO sides with China on US trade tariff case
WTO sides with China on US trade tariff case
"The ruling marks one more victory for China in challenging discriminatory US countervailing duties on Chinese products. This will further constrain the US misuse of trade remedy measures and benefit Chinese enterprises," Li said.

He added that the ruling will "directly shake the legal basis of imposing countervailing duties" while the US classifies China as a nonmarket economy. US countervailing measures on Chinese exports endanger goods of $7.2 billion a year, the ministry said.

Countervailing duties are tariffs on imported goods intended to offset subsidies in the exporting country.

In May 2012, China requested consultations with the US on the imposition of the countervailing duties. The WTO set up a panel in September 2012 to look into the dispute.

The US can appeal the ruling within 60 days.

Gary Hufbauer, a senior fellow at the Washington-based Peterson Institute of International Economics, said that the panel decision could be a "big win" for China if the US loses its appeal, which he said it definitely will.

"At this stage, it's a win for China, pending all the legal details," he said. "China has been both a petitioner and a respondent. They bring a lot of cases, and they get hit with a lot of cases. But this (case) is special in terms of the dollar value. This $7 billion is a lot."

Chen Weidong, a professor at the Law School of the University of International Business and Economics in Beijing, said: "The favorable parts of the panel report surely constitute good news for China. But there is still a long way to go for China in its fight against US countervailing measures on Chinese products."

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
马公市| 叙永县| 古蔺县| 聂拉木县| 西吉县| 晋宁县| 广安市| 东兴市| 醴陵市| 新余市| 和林格尔县| 施甸县| 鲁山县| 金门县| 宽甸| 镇安县| 辰溪县| 临安市| 镇原县| 济源市| 肃北| 武宣县| 多伦县| 华阴市| 彭泽县| 凉山| 博爱县| 塔城市| 沂源县| 石林| 江西省| 会泽县| 定州市| 乐安县| 威信县| 涿州市| 夏邑县| 龙里县| 收藏| 建昌县| 郸城县|