Experts: Chinese companies should actively answer disputes cases

13:27, October 09, 2009      

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According to World Trade Organization's statistics, China has encountered the most anti-dumping sanctions among all WTO members for 14 consecutive years. Experts urged Chinese companies learn to compete under global rules and to cooperate with relevant government branches and industry associations to actively answer anti-dumping cases, in order to minimize risks and losses.

As long as there is international trade, there are trade frictions, said Yu Lixin, researcher at the Department of International Trade and Economic Relations under Chinese Academy of Social Science (CASS). How to utilize the dispute settlement mechanism of the WTO to safeguard Chinese companies' interest is a key problem facing the Chinese government after the global financial crisis.

He noted that governments as well as companies should study the WTO's dispute settlement mechanism and procedures.

The government should support domestic companies in information and external dealings, said Chen Wenjing, vice president of the Chinese Academy of International Trade and Economic Cooperation of the Ministry of Commerce.

Chen said that an early warning mechanism needed to be established to provide the industry with precise and timely information. Meanwhile, the enterprises should cooperate with relevant government branches and industry associations to actively answer anti-dumping cases.

Bai Shuqiang, professor at the University of International Business and Economics (UIBE) noted that China should try to solve trade frictions through multi-lateral coordination and avoid trade wars.

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