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17:38, 14-Nov-2017
China dissatisfied over US ruling against Chinese wood imports
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On Tuesday, the Chinese Ministry of Commerce (MOFCOM) expressed strong discontent with a US trade remedy ruling against hardwood plywood products imported from China.
Describing the action and ruling as "unreasonable," the MOFCOM urged the US to implement the consensus reached between leaders of the two countries and properly manage differences through dialogue and negotiations.
The US Department of Commerce announced Monday that it has found dumping and subsidization of hardwood plywood imports from China, which are being sold at dumping margins of 183.36 percent and receive subsidies between 22.98 percent and 194.9 percent.
The US Department of Commerce has ignored WTO obligations and commitments by continuing to use the surrogate country approach in anti-dumping investigations against China, the MOFCOM said.
In its anti-subsidy investigation, the US side also ignored WTO rules and rulings and determined a higher subsidy level by making up subsidy programs such as offering low-priced raw materials.
All WTO members should have stopped using the surrogate country approach to conduct anti-dumping investigations against China as of December 11, 2016, according to Article 15 of the accession protocol signed when China joined the WTO.
The ruling will seriously hamper China's hardwood plywood exports to the US and the interests of Chinese enterprises, the ministry said.
During US President Donald Trump's visit to China, the leaders of the two nations reached a broad consensus on pursuing reciprocal economic and trade cooperation. China hopes the US will implement the consensus and conduct fair and impartial investigations in accordance with WTO rules, it said.
Source(s): Xinhua News Agency