WTO backs China’s challenge to US anti-dumping
The World Trade Organization backed China’s challenge of countervailing and anti-dumping measures taken by the United States against certain products from China.
However, the report by a WTO panel didn’t support China’s claim that a US measure known as the GPX Act was inconsistent with WTO rules. The act, an amendment to a 1930 trade law, authorizes the US Commerce Department to initiate countervailing measures on nonmarket economy countries and retroactively ratify the legitimacy of previous probes. Chinese exports of more than $7.2 billion could ultimately be affected, according to the commerce ministry.
More than 20 types of Chinese exports, ranging from photovoltaic cells for the solar industry to pipes used in wells in the oil and natural gas industries, were involved in the investigations or reviews launched by the US between Nov 20, 2006, and March 13, 2012.