HOME|CHINA|WORLD|BUSINESS|OPINION|SCI-EDU|LIFE|SPORT|PHOTO
China welcomed the decision of the United States Court of International Trade to rule the U.S. Department of Commerce (DOC) as "unreasonable" for its imposition of anti-dumping duties (AD) and countervailing duties (CVD) on tires from a Chinese maker, the Ministry of Commerce said Wednesday in an online statement.
Although the special safeguard tariff will not be a catastrophe for China's tire industry, overcapacity will be inevitable.
Backgrounder:
  • ยทSpecial safeguard measures are supposed to be used only in very specific circumstances, with compensation, and on a universal basis, i.e., a member restricting imports for safeguard purposes will have to restrict imports from all other countries. However, exceptions to this non-discriminatory rule are provided for in the Agreement on Safeguards itself as well as in some ad hoc agreements. In this last respect it is worthwhile noting that the People's Republic of China has accepted that discriminatory safeguards may be imposed on its exports to other WTO members until 2013.
Related