According to the People’s Daily, Ministry of Commerce recently released data which show that in the first quarter of this year, China suffered trade remedies investigations totaled 22 cases so far from 12 countries (regions), an increase of 22.2%. According to WTO, trade remedies are trade policy tools that allow governments to take remedial action against imports which are causing material injury to a domestic industry. Such remedies are divided broadly into: anti-dumping action; countervailing duty measures; and safeguard action.
Ministry of Commerce spokesman Yao Jian said trade frictions will go through the whole process of nation’s becoming a stronger trade power and dealing with trade friction is a long term based and arduous task. The Chinese government opposes all forms of protectionism, and advocates resolving trade disputes through dialogue and consultation mechanism of the WTO. At the same time, China will continue to promote the establishment of a more equitable international trade order, with full application of the WTO rules to safeguard the legitimate interests of Chinese enterprises.
Historical data show that since entry into the WTO in 2002, China suffered a total of 842 of trade remedy investigations, involving $ 73.6 billion. In 2012, China suffered 77 cases of trade remedy investigation from 21 countries (regions), involving $ 27.7 billion, an increase of 11.6% and 369%, respectively.
Reference Link: http://3g.qglt.com/n/hhtpcp