By Feng Jianmin | 2012-7-9 |
CHINA will start formal talks with the US next week against the anti-subsidy tariffs Washington imposed on 22 Chinese goods involving over US$7.2 billion, the Ministry of Commerce said yesterday.
The consultations will be held from July 18 to 19 after China in May filed requests through the World Trade Organization to resolve the dispute. The ministry said 22 product categories, including steel, solar cells and paper, worth a total of US$7.29 billion, are involved in the dispute.
China’s mission to the WTO accused the US of improperly using anti-dumping measures to shield American companies from competition.
Li Chenggang, head of the ministry’s Department of Treaty and Law, told Xinhua news agency the case highlighted the US’ “repeated” violation of WTO rules, citing that the US has received 116 complaints under the WTO framework, the most among the members. Sixty complaints involved its trade remedy measures filed by nations including Japan, the Republic of Korea, India, and those in Europe.
The talks are held in the face of increasing trade disputes between the world’s two largest economy, amid a weakening global economy that is fueling trade frictions.