China is major target of trade protectionism

17:13, September 15, 2010      

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China has become the main target country of global trade protectionism and some countries have used carbon tariffs to conduct trade protectionism under the guise of coping with climate change, said Yi Xiaozhun, vice minister of the Ministry of Commerce (MOFCOM).

"Trade protectionism is on the rise worldwide. In 2009, the number of non-tariff measures taken by WTO members reached 1,489, a 17 percent increase from the 1,272 non-tariff measures in 2008," Yi said during the forum.

According to data released by Yi, in 2009, with a global export share of less than 10 percent, China suffered from 40 percent of the aggregate global anti-dumping cases, 75 percent of global anti-dumping cases and 43 percent of global trade investigations. This means that China has become the main target country of trade protectionism.

Supachai Panitchpakdi, Secretary-General of the U.N. Conference on Trade and Development (UNCTAD), said when releasing the Trade and Development Report 2010 on Sept .10 that China has become the target of trade protectionism. China along with some emerging economies has taken some measures to address the issue.

However, Panitchpakdi believes that there is no need to pay too much attention to the issue, because some countries adopted such measures to stimulate their economies. Many enterprises have therefore received subsidies and support. Nevertheless, these measures did not belong to trade protectionism, but are the policies to save the economy.

By People's Daily Online


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