Economy
China protests EU first anti-subsidy duties
Updated: 2011-05-16 13:38
(Xinhua)
BEIJING -- China opposes the European Union's decision to impose its first-ever anti-subsidy and anti-dumping duties on imports from China, said Ministry of Commerce (MOC) spokesman Yao Jian on Saturday.
Yao made the remarks in a statement on the MOC website after the EU announced its anti-subsidy and anti-dumping duties on Chinese coated fine paper -- used for high-quality printing.
|
The Chinese government and enterprises provided much evidence to show the coated fine paper industry in China is a competitive one where market economy principles are applied and the government never intervened in company operations or goods pricing, Yao said.
The EU ruling contravened many WTO rules and seriously impaired the interests of Chinese enterprises, Yao said.
China and the EU should oppose trade protection, avoid abuses of trade remedies and properly tackle trade frictions through negotiations, Yao said.
China will carefully study and evaluate the final ruling and reserve its right to take legal action accordingly to protect the interests of Chinese enterprises, Yao said.
The anti-subsidy duties will range from about 4 percent to 12 percent and the anti-dumping tariffs will range from 8 percent to 35.1 percent.
The dual duties would last for the next five years and could be extended if the expiry leads to a recurrence of injury to the European paper industry, the European Commission said.
The EU launched an anti-dumping investigation into imports of Chinese coated fine paper in February 2010, followed by an anti-subsidy investigation two months later.
Specials
The song dynasty
There are MORE THAN 300 types of Chinese operas but two POPULAR varieties are major standouts
Sino-US Dialogue
China and the US hold the third round of the Strategic and Economic Dialogue from May 9-10 in Washington.
Building communities
American architect John Portman and his company have developed more than 30 projects across China.