BEIJING: China’s Minis­try of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organisation (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel.

WTO members should fulfil their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry’s website on Saturday.

The EC is set to impose provisional duties later this month of up to 16 per cent on China, and of up to 26pc on Russia, following its investigation into alleged dumping by the two countries.

Reuters reported that provisional measures are due to be announced by Feb 14 and definitive duties, if imposed at the conclusion of the investigation, by Aug 12. Such duties would typically apply for five years.

The Commission’s investigation follows a complaint from Eurofer, the European steel association, which said Russia and China were dumping the steel — selling it below market prices at home or below the cost of production — on the EU market and thereby damaging the local industry.

Published in Dawn, February 7th, 2016

Opinion

Editorial

Missing links
Updated 27 Apr, 2024

Missing links

As the past decades have shown, the country has not been made more secure by ‘disappearing’ people suspected of wrongdoing.
Freedom to report?
27 Apr, 2024

Freedom to report?

AN accountability court has barred former prime minister Imran Khan and his wife from criticising the establishment...
After Bismah
27 Apr, 2024

After Bismah

BISMAH Maroof’s contribution to Pakistan cricket extends beyond the field. The 32-year old, Pakistan’s...
Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...