Arab Today, arab today eu takes china to wto over steel antidumping duties
Last Updated : GMT 07:52:26
Arab Today, arab today
Arab Today, arab today

EU takes China to WTO over steel anti-dumping duties

Arab Today, arab today

Arab Today, arab today EU takes China to WTO over steel anti-dumping duties

Brussels - AFP

The European Union challenged China, one of its biggest trade partners, at the World Trade Organization on Thursday over tariffs on imports of stainless steel pipes, in the latest of a series of disputes that has sparked fears of a trade war breaking out. The EU \"today requested consultations with China\" at the WTO, it said, charging that its anti-dumping duties were \"incompatible with WTO law, both on procedural and on substantive grounds.\" This is the first formal step in the WTO\'s complaint procedure, which \"will give the EU and China the opportunity to find a negotiated solution,\" it said. \"If the consultations are not successful, after 60 days the EU can ask the WTO to establish a panel to rule on the case.\" The European Commission, the bloc\'s executive arm, noted that Tokyo had filed a similar complaint earlier this year, with the WTO then deciding to set up a dispute settlement panel. In the past, the WTO has often folded multiple complaints into a single case, potentially a major test for China which joined the body in 2001 only after exhaustive negotiations. Nations can ask the WTO to judge whether fellow members are in breach of the rules of international commerce and can be granted the right to impose retaliatory measures. The Commission said the anti-dumping tariffs levied at 9.7 percent to 11.1 percent \"are significantly hampering access to the Chinese market.\" Earlier this week, it said it would defend Europe\'s struggling steel industry, hit by falling demand, rising costs and fierce competition from China, with every means at its disposal. -- Steel, wine, solar panel disputes -- The latest EU move raises the stakes in a series of tit-for-tat disputes and the mention of Japan -- whose ties with China are very strained -- may be noted disapprovingly in Beijing. In addition to steel tubes, Beijing has launched anti-dumping action into imports of EU wine and chemicals after the EU imposed punitive tariffs on Chinese solar panels and threatened an investigation into China\'s key telecom equipment firms. Beijing warned that the wine probe -- announced just after the solar panel decision -- \"signals that the country will safeguard its major economic interests -- and it has ample cards in hand to do so.\" \"The probe into wine imports could be followed by more moves if the EU continues to ignore China\'s interests,\" the state-run China Daily newspaper said last week. The government-run paper also highlighted the eurozone\'s \"lingering debt crisis,\" saying EU protectionism \"will only incur tit-for-tat retaliations and worsen its economic prospects.\" The Global Times was even blunter. \"China has many cards to play, including significant (holdings of) European bonds and investment in EU countries,\" it said. \"It is the situation on the battlefield which determines how negotiations proceed in warfare ... Trade wars are similar.\" Earlier this week, EU officials insisted that no link should be made between a specific trade defence measure, as in the case of Chinese solar panels, and action taken at the WTO which took months to put together. The timing was a \"coincidence,\" they said. China is the EU\'s second-biggest trading partner, taking EU imports worth $212 billion last year and exporting $334 billion. Given the huge stakes, the prospect of a stand-off with Beijing has stoked deep divisions in the EU, with Germany pushing for a negotiated solution while France says tough sanctions are needed to defend EU interests against unfair Chinese inroads. EU-China trade ties will be discussed Friday when EU trade ministers meet in Luxembourg to discuss opening talks with the United States on what would be the world\'s biggest Free Trade Agreement.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu takes china to wto over steel antidumping duties Arab Today, arab today eu takes china to wto over steel antidumping duties

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday