The US Department Of Commerce Has Issued A "Double Anti" Final Ruling To Weaken The Competitiveness Of China'S Exports.

In response to the ongoing trade friction incidents, Vice Minister of Commerce, Zijin Mountain, 1, said that China has become the first target country and the biggest victim of trade friction.

For a period of time, trade frictions are not only reflected in the restrictions on our exports, but also on the macro level of collision and conflict, such as the strategy of economic development.

On the day of Zijin Mountain's statement, the US Department of Commerce made a final ruling to impose anti-dumping and countervailing sanctions against China's steel grid.

Export competitiveness weakened

Reporters yesterday learned from the Ministry of Commerce, Zijin Mountain on the 1 held in the "national countervailing work conference" said that the impact of the financial crisis, China's foreign trade development situation is more complex, concentrated on the external demand is insufficient, export costs rise, fierce competition in the international market and many other aspects.

The increasing trade friction has weakened the international competitiveness of China's export products, increased the difficulty of expanding the international market, and increased the external risks of China's economic operation.

Zijin Mountain said earlier that the current external demand is not outstanding. This year's exports will show a trend of "before and after".

At the same time, export costs continue to rise rapidly, the export profit margins will further narrow, and the trade friction situation will be even more severe.

It is understood that since 1995, China has been the biggest victim of anti-dumping in the world for 15 years in a row.

With the outbreak of the financial crisis, China's exports have become a target of public criticism.

According to statistics from the Ministry of Commerce, a total of 22 countries and regions launched 116 anti-dumping investigations, countervailing measures, safeguard measures and special safeguard investigations in 2009, directly involving the export amount of US $12 billion 600 million.

Last year, China's GDP accounted for 8% of the world's total, and exports accounted for 9.6% of the world's total, while anti-dumping accounts for about 40% of the world's total, and countervailing accounted for 75% of the world's total.

{page_break} US Department of Commerce issued "double anti" final ruling again.

China's US steel plate will face anti-dumping tariffs ranging from 136.76% to 145.18%, while the relevant products will also face 62.46% countervailing punitive tariffs.

According to the statistics of the US Department of Commerce, the amount of China's related commodities exported to the US in 2009 was 15 million 280 thousand US dollars, far lower than the US $90 million 670 thousand in the previous year.

According to the reporter's understanding, according to the relevant procedures of the United States, the initial order was made by the US International Trade Commission and the US Department of Commerce successively, and the final ruling was successively made by the US Commerce Department and the US International Trade Commission.

The decision of the US International Trade Commission is mainly related to the damage to the US industry; the Ministry of Commerce ruled that the dumping or subsidy ratio is the main factor.

The final outcome of this case also needs to wait for the final decision of the US International Trade Commission next month.

In 2009, the number of cases of trade remedy initiated by the United States to China increased from 23 to 53%, accounting for 65% of China's Global trade remedy survey funds.