China welcomes a ruling from the World Trade Organisation (WTO) over a Sino-US business dispute, according to ChinaDaily, citing the Ministry of Commerce (MOC) on Saturday.
The WTO ruled that US parallel anti-dumping and anti-subsidy duties imposed on four Chinese imports — standard steel pipes, rectangular steel pipes, off-road tires and laminated woven sacks — are inconsistent with WTO rules.
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China argues that the US imposure of two sets of duties on Chinese products is a “double remedy” that is illegal and unfair. The WTO ruling supported China’s position on the dispute, according to the officials.
Furthermore, MOC officials urged business authorities in the US to amend its parallel anti-dumping and anti-subsidy measures involving the four products.
Chinese officials hope that the US would correct its errors with regards to trade policies against Chinese imports and ensure fairness in the market.
— Source: China Daily
