Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Expert: trade disputes not a cause for concern
+ -
16:35, June 24, 2009

 Comment  Tell A Friend
 Print Format  Save Article
MOFCOM: raw materials export policy in line with WTO rules

U.S., EU file WTO complaints over Chinese raw materials

EU: amicable solution preferred, but more action possible on China's exports

China requests establishment of WTO panel on US poultry ban

"China's adjustment of industrial material export policy is in line with the WTO rules", said Professor Zhao Zhongxiu, Dean of the School of International Trade and Economics of the University of International Business and Economics.

Zhao noted that China does not have to be over concerned over this WTO dispute, as it only involves a small amount of China’s export and WTO disputes always take as long as over one and half years to conclude. During that time, the market situation may change significantly and there will probably be no final settlement.

"China should learn to be used to dealing with trade disputes," said Zhao.

He further explained that the adjustment of export policy will encourage manufacturers of high energy-consuming and high pollution products to adopt new technologies in order to cut energy consumption as well as cost.

On June 22, the Ministry of Finance said in a statement that China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1. This is an important measure to stabilize outbound demand. The rise of tariffs on some industrial materials indicates that China never abandon its long-term target and won’t sacrifice environment for economic growth. It is also beneficial to the whole world.

Currently, the world economy has not seen definitive signs of recovery yet. The major economies shall not apply trade retaliations to each other.

By People's Daily Online



  Your Message:   Most Commented:
India's unwise military moves
China slams Clinton's June 4 comments
Veiled threat or good neighbor?
13 more bodies from Air France flight 447 recovered
To Be or Not To Be-- reflourishing bicycle in China

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90857/90861/6685619.pdf