China calls for WTO mediation on US anti-dumping measures

17th September 2012, Comments 0 comments

China on Monday called on the World Trade Organization (WTO) to mediate in a $7.23 billion (5.52 billion euros) dispute over anti-dumping measures taken by the United States against 24 Chinese products.

According to the Geneva-based organisation, China made "a request for consultations with the United States on countervailing and anti-dumping measures applied to a wide range of products exported by China to the US."

The Chinese products affected in the present dispute include paper, steel, tyres, magnets, chemicals, kitchen appliances, wood flooring and wind towers, the WTO said in a brief statement.

The Chinese Commerce Ministry said in a statement that the dispute concerned 24 products with an estimated value of $7.23 billion.

The latest dispute follows a similar request by China in August valued at $7.3 billion and involving 22 products.

Meanwhile, the US filed a complaint at the WTO against China over Beijing's subsidies for its automotive industry.

The WTO said the US accused China of "providing subsidies such as grants, loans, forgone government revenue, the provision of goods and services and other incentives contingent upon export performance to automobile and automobile-parts enterprises in China".

According to the US, the Chinese government pumped more than $1 billion (760 million euros) in illegal subsidies to automotive exporters between 2009 and 2011.

In addition, the WTO said Washington has signaled its intention to seek WTO mediation over a further auto-related case -- "China's measures imposing anti-dumping duties and countervailing duties on certain automobiles from the United States."

The request is to be made on September 28 when the trade group's Dispute Settlement Body meets, the organisation said in a statement, adding that this request comes after unsuccessful talks between the US and China to resolve the dispute dating back to July 9.

© 2012 AFP

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