China gaining ground in international trade disputes

Beijing, Aug 3 (IANS) Chinese companies encountered 37 trade remedy cases between January and June, down 30 percent on a year-on-year basis, the media reported on Monday.

The cases amounted to $3.5 billion, China’s commerce ministry said.

Chinese companies have been the targets of global anti-dumping probes since its accession to the World Trade Organisation (WT0), and 97 trade remedy cases were filed against companies in 2014, the People’s Daily reported.

The cases decreased significantly this year mostly because Chinese companies are more likely to win the cases as they are now more accustomed to international trade rules, said Bai Ming, a researcher with the ministry.

India and the Eurasian Economic Community focused on the investigation which was initiated last year and the number of probes decreased in the first half, said Shen Danyang, spokesman for the ministry.

While undergoing an industrial upgrade, the country is capable of exporting more high-tech or high value-added products to the global markets.

“We noticed that China’s high-end products such as photovoltaic products, tyres, and smartphones, had faced more trade probes over the past three years,” Shen said.

Bai added that Europe and the US used to abuse disputes to protect their trade, but it does not work as China applies to international trade rules more sophisticatedly.

Leave a Reply

Please enter your comment!
Please enter your name here