BEIJING (XFN-ASIA) - China has expressed regret and its 'firm opposition' to an Australian decision to launch an anti-dumping and anti-subsidy probe into welded carbon steel pipe imported from China.
The investigation lacks sufficient legal or factual basis and violates World Trade Organization rules, the Ministry of Commerce said in a statement posted on its website.
The anti-subsidy investigation on Chinese products will severely hurt bilateral economic and trade relations and dampen efforts by the two countries to establish a free-trade zone, the ministry said.
'The investigation will add uncertainties to bilateral trade development by sending the wrong signal of trade protectionism,' the ministry said.
The ministry said China reserved the right to use WTO dispute settlement mechanisms to protect its legitimate interests.
bjburo@xfn.com - xfnkz/xfnwk COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The investigation lacks sufficient legal or factual basis and violates World Trade Organization rules, the Ministry of Commerce said in a statement posted on its website.
The anti-subsidy investigation on Chinese products will severely hurt bilateral economic and trade relations and dampen efforts by the two countries to establish a free-trade zone, the ministry said.
'The investigation will add uncertainties to bilateral trade development by sending the wrong signal of trade protectionism,' the ministry said.
The ministry said China reserved the right to use WTO dispute settlement mechanisms to protect its legitimate interests.
bjburo@xfn.com - xfnkz/xfnwk COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
