image

Trade

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

Concept of non-market economy countries does not exist in regulations, has been adopted only by some individual members, ministry says

PUBLISHED : Thursday, 12 October, 2017, 12:57pm
UPDATED : Thursday, 12 October, 2017, 10:11pm

China’s commerce ministry said on Thursday that the European Union’s new trade rules against Chinese imports lacked awareness of World Trade Organisation rules, urging the EU to abide by the requirements.

Ministry of Commerce spokesman Gao Feng made the remarks at a regular briefing in Beijing.

The EU 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.

EU targets China with tough rules on cheap imports

The concept of non-market economy countries did not exist in WTO rules and had been adopted only by some of the organisation’s individual members, Gao said.

The US Commerce Department in August imposed preliminary countervailing duties of about 17 per cent to 81 per cent on imports of Chinese aluminium foil. It will rule on the anti-dumping tariffs and whether to declare China a non-market economy on November 30.

China will report preliminary figures for its September aluminium exports on Friday. Exports of the metal had been slipping in recent months, partly because of the US measures, analysts said.