Mofcom: Serious concern over two anti-investigation reservations to WTO rights

The Fair Trade Bureau of the Ministry of Commerce yesterday expressed serious concern over the 10-day U.S. launch of 3 anti-dumping countervailing investigations against Chinese steel products ("two anti-" investigations), saying that it reserves the right to resort to the WTO dispute settlement mechanism. June 26, the United States Department of Commerce announced the decision to launch a Chinese metal wire mesh pallet Products anti-dumping Countervailing Joint investigation. June 17 and 19th, the U.S. Department of Commerce launched a Chinese steel strand and steel grid board case investigation. According to the U.S. statistics, 2008 I to the U.S. exports of steel stranded wire for 178 million U.S. dollars, exports to the U.S. Steel grating plate for 90 million U.S. dollars.　　This year, the U.S. Agency for Trade Relief has launched 4 "double counter" surveys of Chinese exports, both for steel products. Since June 1, China has again adjusted the export tax rebate rate for some steel products and steel products, Johnsurnma, chairman and chief executive of the US Steel company, sees it as violating WTO rules and seriously damaging the world's steel industry.　　June 21, the United Steelworkers union said in a statement that Chinese companies rely on low-cost environmental costs to gain an unfair competitive advantage, the U.S. steel industry employment opportunities pose a challenge. The Fair Trade Bureau of the Ministry of Commerce used the term "shocking" to express the 3 consecutive "double counter" investigations in the US 10 days. The Chinese Government is gravely concerned about the high frequency and pertinence of the case, which shocked China and its industry. "The relevant person said.　　The steel industry in the United States is still in a recovery phase and needs to protect the domestic steel industry, Shi. In spite of the recent sharp drop in the value of China's steel exports, China's exports to the United States are mainly steel pipe products, especially seamless pipe products and not as much as the plate products have dropped sharply.　　The United States May imports of finished steel products from China 148,000 tons, the chain increased by 48.7%, for the first month of the year to increase the chain.　　China believes that the protectionist signals from the "double counter" investigation of steel products will seriously affect the interests of the downstream users of the U.S. steel industry and damage the normal trade of steel products and products between the United States and China. "The use and protection of intellectual property rights", a former deputy U.S. trade negotiator, told reporters at a meeting in Beijing yesterday that it was a good way to bring trade disputes to the WTO, but the WTO dispute settlement mechanism was complex and could not be resolved in a shorter period of time.