China Reports Higher Success Rate in Anti-Dumping LawsuitsAnti-dumping lawsuits against Chinese goods overseas have resulted in a 35.7 percent no-dumping tax in China's favor, much higher than that of a few years ago, a senior Chinese trade official said Wednesday.Sun Zhenyu, vice-minister of foreign trade and economic cooperation (MOFTEC), said during a national conference on anti- dumping measures that Chinese enterprises are now much more active in responding to relevant anti-dumping investigations against their exported products. While in the past Chinese companies turned a blind eye to such investigations, about 60 to 70 percent of Chinese companies facing anti-dumping allegations now respond. For investigations coming from the European Union and the United States, all Chinese companies involved responded. "Those are indications that China's ability to counter anti- dumping allegations has improved," Sun said. "That has helped China's export growth." Over the past years, China has become the nation facing the most anti-dumping charges for its export commodities. From August 1979 to March 2001, the total number of anti-dumping cases against Chinese goods totaled 422, covering such products as minerals, metals, chemicals, livestock products, machinery, electric products, and medical products. More than US$10 billion in exports were involved in these cases. Sun said China will, with its upcoming entry to the World Trade Organization, make more effort to prevent anti-dumping charges from overseas. Such efforts include the establishment of a quick-response mechanism composed of government departments, import and export chambers of commerce, local foreign trade authorities and relevant companies. The country will also improve its anti-dumping early warning system, which aims to solve such cases before they become lawsuits, according to the vice-minister. |
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