Subscribe free to our newsletters via your
. Military Space News .




TRADE WARS
China challenges US trade duties
by Staff Writers
Geneva (AFP) May 25, 2012


China signaled on Friday it will challenge anti-subsidy duties imposed by the United States on 22 products Washington deems to be unfairly subsidised by Beijing.

"On May 25 China brings 22 countervailing measures applied by the United States to the WTO dispute settlement body (DSB) and requests for consultation," said a statement issued by China's Permanent Mission to World Trade Organization.

The counterveiling measures at the centre of the dispute relate to 22 products "which affect China's export to the United States at $7.3 billion collectively," the mission said.

The practice constitutes "the abuse of trade remedy measures which undermines the legitimate interests of China's enterprises," it said, underlining its "firm opposition" to trade protectionism.

"China hopes that, through constructive consultation and communication under the DSU, the Unites States will correct its long-term wrongful practices in countervailing investigations and address China's concerns," said the statement.

China's action marks the latest move in a series of trade rows between the global economic powers.

Beijing last week blasted a "protectionist" a US decision to slap hefty anti-dumping duties on Chinese solar cell makers.

It followed a US Commerce Department move to impose levies of between 31 and 250 percent on Chinese producers and exporters after saying it had found they sold solar cells in the United States at artificially low prices, known as dumping.

The US probe named Suntech Power and Trina Solar -- another large producer -- as key offenders, but said at least 59 other Chinese companies would also be hit with anti-dumping charges.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
New canal links S. Korea capital to Yellow Sea
Seoul (AFP) May 25, 2012
A $1.9 billion canal linking the South Korean capital Seoul to the Yellow Sea opened Friday after two decades of controversy which halted or delayed construction. The 18-kilometre (11-mile) "Gyeongin Ara Waterway" starts at the Han river which bisects Seoul and meets the sea off the western port of Incheon. The 2.24 trillion won ($1.9 billion) project began in 1992, mainly to reduce flo ... read more


TRADE WARS
NATO activates missile shield, reaches out to Russia

NATO activates missile shield despite Russian anger

Lockheed Martin's Second Generation Aegis BMD System Successfully Intercepts Missile

U.S. aids Israel missile, seeks joint deal

TRADE WARS
Rafael seeks missile shield for helicopters

S. Korea 'to spend $2 bn' on hundreds of missiles

Raytheon awarded $313.8 million for Standard Missile-6 all-up rounds

Training missile falls from Army chopper in Texas: US

TRADE WARS
AeroVironment Introduces Digital Wasp AE Small Unmanned Aircraft System

A new imaging system produces 3D models of monuments using unmanned aircraft

US drone strike kills eight in Pakistan: officials

India's NAL links with Kadet for UAV

TRADE WARS
Researchers Improve Fast-Moving Mobile Networks

Second AEHF Military Communications Satellite Launched

Fourth Boeing-built WGS Satellite Accepted by USAF

Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

TRADE WARS
Congress to spend more on tanks than US military wants

Pre-qualified modular app ready platform gets apps promptly to the battlefield

Raytheon awarded $57.8 million Phalanx contract

ARL-led program enables new manufacturing processes for ballistic protection

TRADE WARS
$3B in training deals for European firms

Canadian military shakeup to save costs

S. Korea says to pick weapons suppliers in October

Saudi signs $3 bn deal with Britain to buy trainer jets

TRADE WARS
China cancels high-level military visit to Japan

Outside View: America's future

Powell: Warm words for Obama but no endorsement yet

Walker's World: The G8 flunks the test

TRADE WARS
Sensing the infrared: Researchers improve IR detectors with single-walled carbon nanotubes

Quantum dots appear safe in pioneering study on primates

New technique uses electrons to map nanoparticle atomic structures

Light touch keeps a grip on delicate nanoparticles




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement