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Economy

China discontented over U.S. ruling against Chinese hardwood plywood

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2017-11-14 16:26Xinhua Editor: Mo Hong'e ECNS App Download

China's Ministry of Commerce (MOC) on Tuesday expressed strong discontent over a U.S. trade remedy ruling against hardwood plywood products imported from China.

Describing the action and ruling as "unreasonable," the MOC urged the United States to implement the consensus reached between leaders of the two countries and properly manage differences through dialogue and negotiations.

The U.S. 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 U.S. Department of Commerce has ignored WTO obligations and commitments by continuing to use the surrogate country approach in anti-dumping investigations against China, the MOC said.

In its anti-subsidy investigation, the U.S. 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 Dec. 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 United States and the interests of Chinese enterprises, the ministry said.

During U.S. President Trump's China visit, leaders of the two nations reached broad consensus on pursuing reciprocal economic and trade cooperation. China hopes the United States will implement the consensus and conduct fair and impartial investigations in accordance with WTO rules, it said.

  

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