china’s special protection against the united states tires stick

August 4, 2009

China’s special protection against the United States tires stick

Filed under: Financial News — Tags: States tires stick — lily @ 7:04 am -0700

China’s special protection against the United States tires stick
August 3, one by the China Rubber Industry Association, Chamber of Commerce and the China Minmetals 7 tire exporting enterprises responding to the composition of the delegation went to Washington. After four days, where a hearing may be pronounced the fate of China’s tire exports.

June 29, the United States International Trade Commission of China’s exports to the U.S. to safeguard tire rule, made of tires imported from China to levy the maximum 55% of special tariffs. “In the past, the tariff is only a little over 3 percent, if 55 percent raise, we almost could not be exported to the United States.” Tires, China’s largest export enterprises – GITI Tire (China) Investment Co., Ltd. Executive Director Shen Wei House said.

August 7, the United States Trade Representative’s Office will convene a hearing to convene the parties involved, then make a ruling, but the ultimate fate of China’s tire, you need Obama President of the United States on September 17 in the final word.

2008, China’s tire exports 2.168 billion U.S. dollars. The case has become in recent years between China and the United States with the largest trade disputes. The final decision whether or not Obama, has become the new U.S. administration to measure the position of trade protectionism is an important indicator – though the terms of special protection since 2001, written into the Chinese on the “WTO” agreement, but during the Bush reign, the use of the President rejected the terms of the special protective case for all.

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