China warns WTO members not to use non-market economy clause after December 11

Record ID: 76460

  • Title: China warns WTO members not to use non-market economy clause after December 11
  • Date: 9th December 2016
  • Summary: BEIJING, CHINA (DECEMBER 9, 2016) (REUTERS) CHINESE COMMERCE MINISTRY SPOKESMAN SHEN DANYANG STANDING ON STAGE FOR NEWS BRIEFING MEDIA (SOUNDBITE) (Mandarin) CHINESE COMMERCE MINISTRY SPOKESMAN SHEN DANYANG SAYING: "China urges those World Trade Organization members who have not implemented obligations of clause 15 to fulfil their obligations as soon as possible to avoid affecting the normal development of bilateral economic and trade relationship. For a small number of members who insist on using surrogate country approaches after December 11, China will take necessary measures in accordance with the WTO rules to firmly protect our own legitimate rights." NEWS BRIEFING IN SESSION
  • Embargoed: 24th December 2016 04:30
  • Keywords: China WTO non-market economy measures
  • Location: BEIJING, CHINA
  • City: BEIJING, CHINA
  • Country: China
  • Reuters ID: LVA0015C5VOUL
  • Aspect Ratio: 16:9
  • Story Text: China's Commerce Ministry said on Friday (December 9) it would take "necessary measures" if World Trade Organization members continue to use a non-market economy clause in its WTO deal to assess dumping duties against it after December 11.
    "China urges those World Trade Organization members who have not implemented obligations of clause 15 to fulfil their obligations as soon as possible to avoid affecting the normal development of bilateral economic and trade relationship. For a small number of members who insist on using surrogate country approaches after December 11, China will take necessary measures in accordance with the WTO rules to firmly protect our own legitimate rights," said China's Commerce Ministry spokesman Shen Danyang.
    When China joined the WTO in 2001, it agreed to let other members treat it as a non-market economy for 15 years, giving trade partners an advantage when assessing whether it was selling goods too cheaply into foreign markets.
  • Copyright Holder: REUTERS
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