World Trade Organization

This tag is associated with 20 posts

EU upsets China with new steel price investigation

The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, angering China which says Europe’s steel problems are due to the region’s own economic weakness. The European Commission has determined that a complaint brought by EU steel makers’ association Eurofer regarding certain corrosion resistant … Continue reading

EU cannot maintain protection against Chinese imports, as rules change in China’s favour

European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential warning from the EU’s own lawyers, who say the bloc should not ignore changes to global trade rules set to favour Beijing. In a draft letter seen by Reuters, the head of the European Commission’s Legal Service, … Continue reading

China to unveil 10-year reform plan, expectations toned down

China‘s leaders will unveil a reform agenda for the next decade on Tuesday, seeking to balance the need to overhaul the world’s second-largest economy as it loses steam with preserving stability and to reinforce the Communist Party’s power. The blueprint, which past experience suggests will be first published by the official news agency Xinhua, will … Continue reading

China-US dialogue: China’s unrequited love again?

In my post South China Disputes: Encirclement of China, I described China’s unrequited love. I said that in spite of China’s efforts and sacrifice in the case of Libya (where it has suffered huge loss due to support for US policy), the US has neglected China’s courting and started to encircle China. China began to seek … Continue reading

China destroys Belgian chocolates as trade spat intensifies

Belgians are justly proud of their nation’s reputation as one of the world’s finest chocolate producers. So when Chinese authorities announced this week that they had destroyed an unspecified amount of their chocolates because they contained toxic substances, alarm bells rang. The Belgian media was swift to point out echoes of 2008, when Beijing declared a shipment of Belgian chocolate … Continue reading

Wine: China hitting the bottle!

Looks like France is waking up with a hangover and will be in need of some hair of the dog to get through China’s statement that there will be an anti-dumping probe carried out by the latter on wine exports from the EU. France’s Trade Ministry is worried and has made a public call for … Continue reading

US presses China to stop stealing trade secrets

The U.S. Trade Representative’s office criticised China on Wednesday for failing to stop the growing theft of American trade secrets that are the lifeblood of U.S. economic might, in the latest sign of Washington’s frustration with the problem. “Not only are repeated thefts occurring inside China, but also outside of China for the benefit of … Continue reading

Hong Kong’s xenophobia against China is holding everyone back

Recent initiatives by the government to curb transportation of milk formula across the Hong Kong-Mainland border have been called unconstitutional according to World Trade Organisation free trade agreements. The initiative came after concerns over a milk formula shortage that have been escalating since it was discovered that tourists from the Mainland were transporting as many … Continue reading

U.S. a target of massive cyber espionage from China

A new U.S. intelligence assessment has concluded that the United States is the target of a massive, sustained cyber-espionage campaign that is threatening the country’s economic competitiveness, according to individuals familiar with the report. The National Intelligence Estimate identifies as the country most aggressively seeking to penetrate the computer systems of American businesses and institutions … Continue reading

China breaches and abuses WTO rules, USA says

Washington has issued a blistering attack on China for persistent breaches of world trade rules and abuse of industrial secrets, accusing Beijing of failing to abide by treaty obligations. China is still flouting World Trade Organisation rules 11 years after it first joined, misusing the complaints machinery for tit-for-tat retaliation, said US Trade Repesentative Ron … Continue reading

China: Can transformation of economic development mode be achieved?

Spells on the Xi Jinping Administration – A Japanese Analysis In the aftermath of the anti-Japanese riots, the 18th National Congress of the Communist Party of China was held to set up the Xi Jinping administration. Before discussing its economic policy, I would mention two points. It is really sad that the territorial dispute has caused … Continue reading

Chinese/American relations: The shape of things to come

The last week has seen both the US and China flexing their respective economic muscles, as both countries show signs of growing awareness that their relationship will be the most significant defining factor for the geopolitical order for the foreseeable future. As the last US presidential debate showed, America’s future stance on China is likely … Continue reading

China raises rare earth export quota

China has increased its 2012 rare-earth export quota for the first time since 2005, amid growing international pressure on Beijing to loosen its hold on the key minerals. The country’s rare-earth export policies are closely watched as it controls 95% of the world’s production of the metals, which are crucial in a wide range of … Continue reading

WTO: China discriminates against foreign card companies

The World Trade Organisation has ruled that China discriminates against foreign credit-card and debit-card providers. A panel of the trade body said China maintains a monopoly on yuan-denominated payment cards which breaks WTO rules. Only one company, China UnionPay, is allowed to process domestic currency transactions. This limits foreign providers such as Visa and Mastercard. … Continue reading

China ‘stockpiling rare earths for strategic reserves’

China has already started the purchase – using state funds – and storage of rare earths for strategic reserves, the China Securities Journal said, but did not say exactly when the initiative was launched. The country produces more than 90pc of the world’s rare earths, which are used in hi-tech equipment ranging from iPods to … Continue reading

China defends curbs on rare earths

China on Wednesday defended its export curbs on rare earths used in high-tech products as an environmental measure and rejected a World Trade Organisation challenge by the United States, Europe and Japan. A Cabinet official rejected complaints Beijing is using the environment as an excuse to support fledgling Chinese producers of lightweight magnets and other … Continue reading

Chinese wind towers hit with U.S. tariffs

The United States imposed preliminary duties as high as 26 percent on a second clean-energy product from China on Wednesday, this time hitting the tall steel towers used to harvest power from the wind. The decision by the U.S. Commerce Department is a victory for the Wind Tower Trade Coalition, a group of U.S. producers … Continue reading

Chinese WTO suit strikes back at U.S. duties

China launched a complaint at the World Trade Organisation on Friday against U.S. import duties on 22 Chinese products that the United States says are unfairly priced or subsidised, including solar panels and steel products. “China firmly opposes the abuse of trade remedy measures and trade protectionism,” China’s Ministry of Commerce said in a statement. … Continue reading

Japan, Kazakhstan to develop rare earth metals

Japan and Kazakhstan plan to sign an agreement to jointly develop rare earth metals critical to electronics and auto makers, aiming to lower dependence on China, the Asahi Shimbun daily said on Sunday. Japan’s Trade Minister Yukio Edano will meet Kazakh government officials, including President Nursultan Nazarbayev, to sign the agreement in early May, making … Continue reading

Rare earths industry targets illegal players

Fears over a global shortage of precious rare earths metals are mounting, as production in China slows amid a national crackdown on illegal miners. This month 155 rare earths businesses, almost all on the mainland, launched a national industry association, after the United States, the European Union and Japan filed a complaint in March to … Continue reading

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