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 favors China in longstanding trade dispute with EU

(Xinhua) Updated: 2016-01-20 10:41

GENEVA -- The World Trade Organisation (WTO) on Tuesday confirmed its ruling that the European Union (EU)'s imposition of anti-dumping measures on certain iron or steel fasteners from China was illicit, ending a seven-year legal battle which saw Chinese exports of screws, nuts and bolts to the EU plummet.

Following the imposition of EU duties on the Chinese imports, China said in 2009 that strict rules regulating the implementation of anti-dumping measures had not been respected.

This saw the WTO rule in favor of Chinese claims against EU tariff policies in both 2010 and 2011, though the Asian economic powerhouse deemed subsequent EU compliance measures insufficient.

This prompted China to return to the WTO and ask for the establishment of a compliance panel to decide whether or not EU policies were legal under its framework.

Having appealed WTO's August 2015 decision that they were not, the EU lost its compliance appellate body report appeal on Jan 18, giving reason to China's qualms towards EU trade policy.

Following the WTO ruling, the Chinese ministry of commerce on Monday said the anti-dumping measures had affected $1 billion' worth of Chinese exports and more than 100,000 jobs in China, resulting in huge economic losses to the industry.

The ministry urged the EU to respect the latest ruling, "or China reserves the rights to take further action under the WTO framework."

Two Chinese industry associations -- China Chamber of Commerce for Import and Export of Machinery and Electronic Products, and China General Machine Components Industry Association -- on Tuesday also called on the EU to uphold WTO rules and remove its anti-dumping duty on steel fasteners from China after the WTO ruled in favor of Chinese makers.

China will be celebrating 15 years of WTO membership in December 2016.

Hot Topics

Editor's Picks
...
汝州市| 图们市| 军事| 灵武市| 三原县| 随州市| 集贤县| 拉萨市| 英德市| 赤峰市| 聂荣县| 明光市| 洪雅县| 临江市| 大英县| 崇文区| 莱阳市| 罗平县| 历史| 寿宁县| 加查县| 公主岭市| 广州市| 崇信县| 安平县| 克山县| 永修县| 上林县| 彭阳县| 贵德县| 三江| 尚志市| 天门市| 双桥区| 荔波县| 镇巴县| 张掖市| 彭阳县| 西盟| 罗城| 区。|