China on Wednesday urged the US authorities to abide by World Trade Organisation rules in the ongoing anti-dumping and anti-subsidy investigation concerning Chinese aluminium foil.
The US Department of Commerce launched an investigation after the Aluminium Association Trade Enforcement Working Group accused Chinese aluminium foil producers of using improper subsidies and selling at unfair prices, Xinhua news agency reported.
The Sino-US aluminium industries are highly complementary. The US started to reduce production of low-value-added aluminium foil and focus on high-end products over 20 years ago, therefore, the falling output is not a result of Chinese imports, said Wang Hejun, head of the Ministry of Commerce trade remedy and investigation bureau.
Improper trade remedy measures will hurt the interests of Chinese aluminium foil exporters and dent the competitiveness of US downstream sectors, impacting employment and consumer interests, Wang said, adding that it would lead to a no-win situation.
Wang urged the US authorities to enact decisions of WTO experts and appellate bodies and give Chinese exporters fair counter-argument rights.
China hopes the two sides could solve common concerns through consultation and dialogue to seek the mutual development of the aluminium sector, Wang said.
--IANS
gsh/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
