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WTO to probe legality of US duties on Chinese steel pipes
04/02/2009 12:00
Bloomberg reported that World Trade Organization judges agreed to decide whether US duties on imports of Chinese steel pipes break global trade rules.
China said that US is breaking a number of agreements with the taxes as US chose to impose duties on Chinese imports to compensate for subsidies. The first was a similar decision last June on a different type of steel pipes.
The Chinese delegation in a statement to the WTO’s dispute settlement body in Geneva said that “China is greatly concerned by the various substantive and procedural problems found in the U.S. anti-dumping and countervailing duty investigations and measures against Chinese products at issue.”
US said in July 2008 that it would impose duties on USD 200 million of steel pipe shipments from China, South Korea and Mexico. Chinese exporters of the light, rectangular piping face countervailing duties, used to counter subsidies, of as much as 200% of the product’s price and anti-dumping duties, which compensate for goods sold overseas at prices below those at home, of as much as 265%.
China said that US is breaking a number of agreements with the taxes as US chose to impose duties on Chinese imports to compensate for subsidies. The first was a similar decision last June on a different type of steel pipes.
The Chinese delegation in a statement to the WTO’s dispute settlement body in Geneva said that “China is greatly concerned by the various substantive and procedural problems found in the U.S. anti-dumping and countervailing duty investigations and measures against Chinese products at issue.”
US said in July 2008 that it would impose duties on USD 200 million of steel pipe shipments from China, South Korea and Mexico. Chinese exporters of the light, rectangular piping face countervailing duties, used to counter subsidies, of as much as 200% of the product’s price and anti-dumping duties, which compensate for goods sold overseas at prices below those at home, of as much as 265%.
Bloomberg
21 Jan, 2009
Source: www.steelprices-china.com
21 Jan, 2009
Source: www.steelprices-china.com
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