Economy
China welcomes WTO ruling on Sino-US business dispute
Updated: 2011-03-14 09:33
(Xinhua)
BEIJING - China welcomes a ruling from the World Trade Organization (WTO) over a Sino-US business dispute, said the Ministry of Commerce (MOC) on Saturday.
The WTO ruled that US parallel anti-dumping and anti-subsidy duties imposed on four Chinese imports -- standard steel pipes, rectangular steel pipes, off-road tires and laminated woven sacks -- are inconsistent with WTO rules.
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Furthermore, MOC officials urged business authorities in the US to amend its parallel anti-dumping and anti-subsidy measures involving the four products.
Chinese officials hope that the US would correct its errors with regards to trade policies against Chinese imports and ensure fairness in the market.
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