UPDATE: China Says Protectionism Hurts China-U.S. Trade Ties
02 2월 2010 - 1:50PM
Dow Jones News
China says that the U.S. has increasingly fallen back on
protectionism since the onset of the global financial crisis, which
has affected trade relations between the two countries.
The comments, issued by China's Ministry of Commerce on Monday,
show that trade relations between the world's biggest and
third-largest economies are headed for further tensions this year
as the Asian giant's economic recovery pushes more U.S. companies
to seek protection.
The polemics also come at a time of an escalating political row
between the two countries over Tibet and the U.S.'s arms sales to
Taiwan.
"Since the outbreak of the global financial crisis, trade
protectionism obviously arose in the U.S. China has become the
biggest victim of the U.S.'s misuse of trade remedy measures,"
ministry spokesman Yao Jian said in a statement.
Yao urged Washington to "fully realize how serious the problem
is" and not to adopt any trade protectionism measures.
The U.S. recently imposed antidumping tariffs on China-made
metal mash trays and electric blankets. It also said it was
considering whether to impose countervailing and antidumping duties
on imported Chinese-made drill pipe.
However, China also adopted anti-dumping measures against
imports from the U.S. and other countries recently.
The Commerce Ministry said Sunday that anti-dumping measures
will continue for five years for phenol imported from the U.S.,
Japan, South Korea and Taiwan, after it said late December that it
will extend by six months an anti-dumping investigation into
European-made carbon steel fasteners.
It also made a preliminarily ruling in December that U.S. and
Russian companies are dumping grain-oriented flat-rolled electrical
steel, a product widely used in the power industry, and said it
will require importers to pay deposits ranging from 10.7% to 25% to
import the product from U.S. companies including AK Steel Corp.
(AKS).
Despite the moves, Yao said that recent U.S. accusations that
China sets barriers to market entry and foreign investments are
"far from facts," and the government will strive to improve the
investment environment for foreign and domestic investors.
"Some countries adopt trade protectionism now, but blame others
instead. This is not only totally unreasonable but also harmful for
their own economic recovery," Yao said.
Trade friction between the U.S. and China has been on the rise,
especially since the former decided to impose punitive tariffs on
Chinese tire exporters in September.
However, U.S. Commerce Secretary Gary Locke said in November
that the U.S. isn't stepping up protectionism while U.S. Trade
Representative Ron Kirk described the U.S. as the most open market
in the world.
Both men, speaking with U.S. businessmen in Beijing as President
Barack Obama visited China, were countering rising criticism from
China over U.S. trade policies.
-Liu Li and Joy C. Shaw contributed to this article, Dow Jones
Newswires; 8610-8400-7713; li.liu@dowjones.com
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