China to examine, may appeal WTO ruling on U.S. duties case

Published 10/23/2010, 05:48 AM
Updated 10/23/2010, 05:52 AM

SHANGHAI, Oct 23 (Reuters) - China will study and may appeal the recent World Trade Organization ruling that rejected Chinese claims in in a dispute with the United States on extra duties on Chinese goods, China's Ministry of Commerce said on Saturday.

"The Chinese side will carefully study the report and under the WTO dispute settlement procedures, handle issues such as an appeal," the Ministry said in a statement posted on its website.

The case involved treatment of goods from a country that is not a market economy, where the state sets or influences prices.

The WTO ruling on Friday backed the right of an importer to set duties on goods from such economies to compensate for unfair pricing and for subsidies. The two-year-old dispute turned on duties imposed by the United States on imports of Chinese steel pipes, off-road tyres and woven sacks.

The panel did back some Chinese complaints and called on the United States to bring its measures in line with WTO rules where they breached them. [ID: nLDE69L1NH] (Reporting by Melanie Lee, editing by Miral Fahmy)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.