Ministry Of Commerce: China Is Ready To Appeal Against The Tires Special Safeguard Case In China At The Right Time.

　　 World Trade Organization Expert group on Sino US tire special protection case China is likely to lodge an appeal after ruling that China has lost the lawsuit. Yao Jian, spokesman of the Ministry of Commerce of China, said 15, the expert team of the Ministry of commerce is studying the report of the WTO expert group to prepare for timely appeal and maintenance. Chinese Enterprises Legitimate interests.

On the 13 day, the WTO dispute settlement body issued a report that the relevant group of experts did not decide that the special safeguard measures adopted by the United States against the tire exported to the United States violated WTO rules. In September 11, 2009, the United States announced special safeguard measures for Chinese tyres exported to the United States, and imposed a 3 year punitive tariff on tires from China.

Yao Jian expressed his concern about the possible negative impact of the ruling at a regular press conference held by the Ministry of Commerce on 15. According to media reports, after the United States announced the implementation of special safeguard measures, the China Rubber Industry Association has predicted that special safeguard will cause great damage to China's tire industry, which will affect about one hundred thousand workers' employment.

Yao Jian said that the United States adopted special safeguard measures for China's export tyres because of its domestic political pressure. After the implementation of the measures, the assessment of the third party intermediaries of the US showed that the employment problem of the US tire industry had not been alleviated, the employment rate dropped by 10%, the average wholesale price of the US market increased by 15%, and the total import volume of the overseas market had not decreased.

Yao Jian also stressed at the press conference that some political figures in the United States had repeatedly raised the issue of RMB exchange rate under the pretext of trade balance and levying taxes on Chinese imports. The US side's serious deviation in the analysis of Sino US trade situation has led to its objective assessment of Sino US economic and trade interests.

Yao Jian said that China and the United States each have their manufacturing and service oriented industrial structure, indicating that Sino US economic and trade relations are complementary and omni-directional cooperation relations. The two countries share common interests in all aspects of cooperation in trade, finance, finance and services.