China, EU officially launched anti-dumping WTO dispute settlement procedures
According to the Ministry of Commerce website, July 31, 2009, the Chinese government through the WTO, Permanent Mission sent a letter to the European Union Permanent Delegation WTO, the EU adopted the Chinese fastener filed anti-dumping measures under WTO dispute settlement mechanism of the request for consultations officially start WTO dispute settlement procedures.
The Chinese side believes that the European Union in the case file, investigation and decision process, there are many discrepancies with the WTO rules, the violation of the EU under WTO obligations; ruling lack of impartiality and transparency, damaged more than 1,700 Chinese fastener business interests of the legitimate trade. The Chinese government expressed strong dissatisfaction and the industry, stated on many occasions China’s position and concerns, but the bilateral dialogue has not resolved the concerns of the Chinese side.
Since 1979 the EU launched the first anti-dumping investigations so far in 30 years time, the EU launched a total of more than 140 from China anti-dumping investigation on China’s anti-dumping investigations initiated by the largest member of the WTO. China is resolutely opposed to any abuse of anti-dumping rules, encourage the practice of trade protectionism. The Chinese side hopes the two sides in the WTO dispute settlement mechanism active under dialogue and communication, seek to resolve through negotiations of China’s strong concern.
Qi Tang Lin: To take seriously the blind development of the steel industry problem of excess production capacity
The executive director of the enlarged, iron and steel industry in a serious implementation of the “iron and steel industry restructuring and revitalization of planning”, and actively cope with the international financial crisis, efforts to overcome the difficulties faced by the production and operation, and maintain the stable development of the iron and steel industry held the situation.
Shanghua just a single report on the work of the Secretary-General made a report on the operation of the first half of the industry and problems faced in the second half and made a detailed analysis of the situation; Liu Zhenjiang executive secretary read out the changes on staff and recruit new members decision; while Wu Chun Xi, honorary president of our country but also on accelerating the restructuring of the iron and steel industry made an important speech; Jingdong late afternoon, Under-Secretary-General on the state’s macro-economic policies but also on the impact of iron and steel industry as the theme of the report.
China Steel Association: excessive imports of iron ore spot prices of long negotiations interference Association
According to Reuters reports, China Iron and Steel Association said Friday, the spot iron ore this year, the total proportion of total imports accounted for 82.74 percent, traders in China to import large quantities of excess iron ore imports, distorting the relationship between the domestic iron ore supply and demand, and imports of iron ore price negotiations on a major disturbance.
China Steel Association, said a press release, China’s steel exports have been the price advantage does not exist, the situation of iron and steel exports decline is difficult to change the second half of the second half of the direct export of steel products, as well as indirectly through the export of machinery and electronic products is still very grim situation.
“Steel prices are expected to be the next step to keep a small adjustment, and with the rising costs of steel manufacturers, steel prices rebound concussion situation become.” China Steel Association said.
Press release said, adding that China’s strong fixed asset investment will continue to drive demand for steel in the second half, China’s crude steel output this year is expected to more than 500 million tons, China’s apparent consumption of crude steel in 2008 amounted to 453 million tons, while the capacity of 660 million tons, China’s iron and steel sheet products, over-supply situation is getting worse.
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