BIZCHINA> Top Biz News
![]() |
China protests US levies
By Ding Qingfen (China Daily)
Updated: 2008-12-24 08:05
Industry experts said the latest protest to the WTO showed China is taking a positive step in countering the growing tide of trade protectionism at a time when the global economy is sliding into a recession. Import duties on circular welded steel pipe, rectangular pipe, off-load tires and laminated woven sack were first imposed unilaterally by the US in September. Despite China's protests, the ITC reaffirmed the US position in November, claiming the duties were necessary to offset subsidies by the Chinese government to those exports. China on Monday appealed to the WTO, asking for an investigation. China will have another opportunity to ask for a panel at the next meeting of the WTO's Dispute Settlement Body on January 20, 2009. "It is the right choice to resort to the WTO, and this is just the beginning for China in protecting its companies from being hurt by sometimes illegal or unreasonable countervailing duties from its trade partners, through WTO regulations," said Fu Donghui, managing director of Allbright Law Firm Beijing, which mainly deals with WTO-related issues. (For more biz stories, please visit Industries)
|