BIZCHINA> Trade Surplus
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BIZCHINA> Trade Surplus
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Trade body 'regrets' US charges on steel pipes
(Xinhua)
Updated: 2007-06-15 13:46 A Chinese trade body said on Thursday the USdumpingand subsidy charges filed against Chinese steel pipe products amounted to trade protectionism. "We hope the US government will deliberate on the sensitive issue, and deny the applications of the US steel pipe makers out of concerns for the long-term development of the sectors in both countries," said China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters in a statement.
The statement said charging both anti-dumping and countervailing duties on products from the same country were against the laws and regulations in US and the rules of theWTO, adding that they are "unfair and discriminatory". Earlier reports said 18 Chinese steel pipe producers have united to fight the US charges, and have appointed John Larose from US law firm Vinson & Elkins LLP's Beijing Office as attorney. Chinese makers said they have conducted export business according to market demand and exports to US were made upon demands. "There is no dumping or subsidies." The statement said trade penalties imposed by the US won't help solve the trade frictions, and they are not good for the development of the US steel sector and against the interests of the downstream steel sectors and end users. China's steel products exports surged by 132 percentyear-on-yearto 21.3 million tons from January to April this year. Exports of steel pipes reached 2.77 million tons, up 120 percent. (For more biz stories, please visit Industries)
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