China urges US to stop us­ing sur­ro­gate coun­try ap­proach

China Daily (Hong Kong) - - BUSINESS - By JING SHUIYU jing­shuiyu@chi­nadaily.com.cn

China has urged the US, once again, to fully com­ply with the obli­ga­tions un­der Ar­ti­cle 15 of the Pro­to­col on China’s ac­ces­sion to the World Trade Or­ga­ni­za­tion in a timely man­ner, said the Min­istry of Com­merce on Fri­day.

The US Depart­ment of Com­merce said on Nov 23 that the time was not yet ripe for the coun­try to re­con­sider whether to grant China mar­ket econ­omy sta­tus. “At this mo­ment it is not ripe for us to change our pro­to­col,” said US Com­merce Sec­re­tary Penny Pritzker.

The US should not “con­fuse the is­sue,” Shen Danyang, spokesman for the Min­istry of Com­merce, said at a news con­fer­ence on Fri­day in Bei­jing.

“Ad­mit­ting China’s mar­ket econ­omy sta­tus is one is­sue; ful­fill­ing the obli­ga­tions is an­other … Hav­ing re­it­er­ated China’s po­si­tion on many oc­ca­sions, we hope the US can face up to its in­ter­na­tional com­mit­ments timely and com­pletely.

“This would be good for the eco­nomic and trade co­op­er­a­tion be­tween the two sides.”

In ac­cor­dance with Ar­ti­cle 15, WTO mem­bers shall stop us­ing the sur­ro­gate coun­try ap­proach to con­duct an­tidump­ing in­ves­ti­ga­tions on Chi­nese ex­ports by Dec 11 this year.

Un­der the sur­ro­gate coun­try sys­tem, the US, the EU and some other mem­bers use prices in a third coun­try as a bench­mark to cal­cu­late the nor­mal value of ex­port prod­ucts from China.

Shen said that China is en­ti­tled to its rights as a mem­ber of the WTO, while all other mem­bers must de­liver on their WTO prom­ises.

China is step­ping up ef­forts to safe­guard its le­gal rights.

Xue Rong jiu, vice-chair­man of the China So­ci­ety for WTO Stud­ies, said all mem­bers should abide by the WTO rules, and he urged the in­ter­na­tional or­ga­ni­za­tion to set­tle the dis­pute.

“This is a se­ri­ous is­sue for all WTO mem­bers … After the ac­ces­sion to the WTO, China has brought ben­e­fits to it­self and the global econ­omy. We hope all coun­tries will stop us­ing the sur­ro­gate coun­try sys­tem in in­ves­ti­ga­tions against China,” Xue said.

In mid-Novem­ber, VicePremier Ma Kai won sup­port from the UK and France on the is­sue dur­ing a seven-day visit. Their high of­fi­cials promised they would in­flu­ence the EU to fully rec­og­nize in­ter­na­tional com­mit­ments.

So far, about 150 economies have duly given China mar­ket econ­omy sta­tus, among which nearly 100 are WTO mem­bers.

of a Chi­nese com­pany demon­strates an elec­tric piano that can teach peo­ple how to play the in­stru­ment at a con­sumer elec­tron­ics show in Las Ve­gas.

Min­istry pushes ex­port up­grad­ing

China is ac­cel­er­at­ing the pace of fa­cil­i­tat­ing its com­pa­nies to fur­ther in­te­grate and move up the global value chain, the Min­istry of Com­merce said on Fri­day.

The govern­ment re­cently out­lined guid­ance to im­pel main­land com­pa­nies to be­come ac­tively in­volved in the global value chain.

“The guid­ance is the first of its kind. It will have a pos­i­tive im­pact lead­ing Chi­nese com­pa­nies to ex­plore ways and meth­ods to move up the global value chain and sus­tain their suc­cess in the in­ter­na­tional mar­ket,” said Shen Danyang, spokesman for the Min­istry of Com­merce, at a news con­fer­ence in Bei­jing.

The guid­ance puts for­ward a pol­icy frame­work, in­clud­ing in­dus­trial funds, fis­cal tax­a­tion, trade fa­cil­i­ta­tion, fi­nance and in­no­va­tion.

Un­der the guid­ance, the govern­ment will sup­port Chi­nese com­pa­nies to in­crease the added value of their ex­port prod­ucts.

For ex­am­ple, it re­in­forces the im­por­tance of in­ter­na­tional co­op­er­a­tion and com­mu­ni­ca­tion in re­gards to the ac­count­ing method of added value, pol­icy and rule mak­ing.

In ad­di­tion, the guid­ance pro­poses spe­cific ways as to how Chi­nese in­dus­tries could move up the value chain, and calls for an eval­u­a­tion sys­tem.

The full text of the guid­ance will be re­leased soon, ac­cord­ing to Shen. The Min­istry of Com­merce led six other con­cerned govern­ment bod­ies to draft the guid­ance.

Huang Yanghua, an as­so­ciate pro­fes­sor at the In­sti­tute of In­dus­trial Eco­nomics un­der the Chi­nese Academy of So­cial Sciences, Bei­jing, said that small- and medium-sized com­pa­nies, when get­ting con­nected to the global value chain, would ben­e­fit from con­ve­nient mar­ket ac­cess, low-cost fac­tors of pro­duc­tion and in­no­va­tion-ori­ented part­ners around the world.

XINHUA

A representative

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.