Business / Economy

China welcomes WTO ruling: MOC

(Xinhua) Updated: 2014-07-09 15:48

BEIJING - China's Ministry of Commerce (MOC) said it welcomes the ruling of the World Trade Organization (WTO), which found that US failure to avoid double remedies in its punitive measures against certain Chinese products is against WTO rules.

The MOC's spokesman, Yao Jian, said the ruling was consistent with China's standpoint, according to a statement released Wednesday on the ministry's website.

The WTO's Appellate Body's report, issued on Monday, rejected the appeal requested by the United States and upheld most of China's claims.

The report found that the United States failed to make duty adjustments to avoid double remedies in 25 countervailing and anti-dumping investigations against China in 2006 and 2012, which was inconsistent with WTO rules.

Yao urged the United States to cancel any countervailing measures targeting Chinese products imported to the United States before GPX legislation was enacted in 2012.

The GPX legislation authorizes the US Department of Commerce to impose countervailing duties on goods from "non-market economy" countries and allows an application a retroactive period starting from Nov 20, 2006.

China welcomes WTO ruling: MOC

China welcomes WTO ruling: MOC

Xi gives speech at SED opening ceremony Results from China-US dialogues since 2009 

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