1. China says EU, US trade moves lack awareness of WTO rules

China says EU, US trade moves lack awareness of WTO rules

China's commerce ministry said on Thursday that the European Union's new trade rules against Chinese imports lacked awareness of World Trade Organization (WTO) rules, urging the EU to abide by those requirements.

By: | Beijing | Published: October 12, 2017 10:27 AM
china economy, European union, US trade, WTO rules, world trade organisation, china imports, china exports, ministry of commerce, cold war, non market economy,  The concept of non-market economy countries does not exist in WTO rules and has only been adopted by some of the organisation’s individual members, Gao said. (Reuters)

China’s commerce ministry said on Thursday that the European Union’s new trade rules against Chinese imports lacked awareness of World Trade Organization (WTO) rules, urging the EU to abide by those requirements. Ministry of Commerce spokesperson Gao Feng made the remarks at a regular briefing in Beijing. The European Union agreed to new rules last week to guard against lower-priced Chinese imports, ending 18 months of wrangling over trade ties with Beijing. When asked about the United States deferring a decision on anti-dumping tariffs on imports of Chinese aluminium foil and China’s non-market economy status, Gao said the phrase non-market economy showed “Cold War” thinking. The concept of non-market economy countries does not exist in WTO rules and has only been adopted by some of the organisation’s individual members, Gao said.

The Commerce Department in August imposed preliminary countervailing duties of about 17 percent to 81 percent on imports of Chinese aluminium foil. The Department will rule on the anti-dumping tariffs and whether to declare China a non-market economy on Nov. 30. China will report preliminary data for its September aluminium exports on Friday. Exports of the metal have been slipping in recent months, partly because of the U.S. measures, analysts say.

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