China welcomes WTO ruling on Sino-U.S. business dispute

15/03/2011 12:00 - 385 Views

China welcomes a ruling from the World Trade Organization (WTO) over a Sino-U.S. business dispute, said the Ministry of Commerce (MOC) on Saturday.

The WTO ruled that U.S. parallel anti-dumping and anti-subsidy duties imposed on four Chinese imports -- standard steel pipes, rectangular steel pipes, off-road tires and laminated woven sacks -- are inconsistent with WTO rules.

China argues that the U.S. imposure of two sets of duties on Chinese products is a "double remedy" that is illegal and unfair. The WTO ruling supported China's position on the dispute, according to the officials.

Furthermore, MOC officials urged business authorities in the U.S. to amend its parallel anti-dumping and anti-subsidy measures involving the four products.

Chinese officials hope that the U.S. would correct its errors with regards to trade policies against Chinese imports and ensure fairness in the market.

09:39, March 13, 2011
Source: Xinhua