Ministry of Commerce: WTO accuses China of restricting export report non-binding

Source: Internet
Author: User
June 2 Morning News, the Ministry of Commerce authorities on the WTO announced China's Trade policy review report, said the report is only used for Policy Exchange, no binding, but China will explain its policy and position in the relevant situation.  In previous trade policy deliberations, it was normal for countries to raise their concerns. Yesterday, the WTO released its biennial review of China's trade policy.  China's restrictions on the export of raw materials to conserve resources may not achieve the desired goal, while at the same time it could give Chinese manufacturers an unfair competitive advantage, the report said.  Authorities in the Ministry of Commerce today responded to Sina finance by saying that the report was not binding, and that the WTO was currently conducting a third trade policy review of China and that China would explain its policies and positions on relevant occasions. The person said that the so-called "trade policy review" is the Exchange platform set up by the WTO to urge Member States to comply with the principle of trade openness, divided into several grades according to trade volume, for small economies every 6 years, and for large economies like China to be reviewed every two years.  In all the trade policy deliberations, every country will criticize and question its own concerns, but it is normal to question it.  Mei Xinyu, a researcher at the Ministry of Commerce, told Sina Finance that the assessment report was only a moral persuasion, not a ruling on the legality of China's trade policy, and that China's restrictions on strategic resources and exports of two or more products were merely exercising its inalienable rights.  Liang Yanfen, director of the Research Department of World Economic and Trade Studies at the Ministry of Commerce, said that China's policy of restricting exports was based solely on the need for environmental protection and resource protection, and was consistent with China's resource Protection Law and WTO regulations, and other countries had no reason to be picky. "America's oil and other mineral resources are largely untapped, relying on imports to meet the needs of the industry, and it is hoped that the US, while considering its own interests, can consider the same environmental protection needs that other countries face." "Ho Jianguo, dean of the International Trade and Economic Cooperation Institute of Commerce. (Snow ting from Beijing)

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