Govt puts du­ties on Amer­i­can grain sorghum

China Daily (Hong Kong) - - BUSINESS - By ZHONG NAN zhong­nan@chi­ By ZHU WEN­QIAN zhuwen­qian@ chi­ By LINDA DENG lin­dadeng@chi­nadai­

China has de­cided to im­pose pro­vi­sional an­tidump­ing mea­sures on grain sorghum im­ported from the United States, the Min­istry of Com­merce said in pre­lim­i­nary anti-dump­ing rul­ing on Tues­day.

The min­istry found that US com­pa­nies had dumped grain sorghum on the Chi­nese mar­ket, and such im­ports had caused sub­stan­tial dam­age to the do­mes­tic in­dus­try, af­ter China de­cided to launch anti-dump­ing and anti-sub­sidy probes into US sorghum in early Fe­bru­ary.

Start­ing on Wed­nes­day, grain sorghum im­porters will be re­quired to pay de­posits with Chi­nese cus­toms cal­cu­lated based on a rate of 178.6 per­cent, ac­cord­ing to the min­istry.

Wang He­jun, head of the trade rem­edy and in­ves­ti­ga­tion bureau at the Min­istry of Com­merce, said the de­ci­sion is in accordance with Chi­nese laws and WTO rules, and is aimed at cor­rect­ing un­fair prac­tices to main­tain a healthy trade or­der.

“China has al­ways op­posed abuses of trade rem­edy mea­sures ... China is will­ing to ex­pand co­op­er­a­tion with the US side to re­duce dis­agree­ments in the trade field,” Wang said

China is a ma­jor buyer of US sorghum as well as soy­beans. Sorghum is also used in the Chi­nese liquor bai­jiu.

Data from the min­istry showed US sorghum ex­ports to China surged from 317,000 met­ric tons in 2013 to 4.76 mil­lion tons in 2017, while ex­port prices have slumped 31 per­cent dur­ing the pe­riod, which led to a fall in do­mes­tic prices that hurt lo­cal in­dus­tries.

Ac­cord­ing to WTO rules, the gov­ern­ment can launch the anti-dump­ing and coun­ter­vail­ing in­ves­ti­ga­tion under two cir­cum­stances — the rel­e­vant in­dus­try ap­plies for the in­ves­ti­ga­tion and the in­ves­ti­ga­tion is launched by the in­ves­ti­ga­tion au­thor­ity.

Wang said China’s law has sim­i­lar pro­vi­sions, so does the law of the other WTO mem­bers.

In ad­di­tion to grain sorghum, China also started an anti-dump­ing in­ves­ti­ga­tion into im­ported phe­nol from the United States, Euro­pean Union, South Korea, Japan and Thai­land late last month, af­ter re­ceiv­ing an ap­pli­ca­tion for an in­quiry from do­mes­tic pro­duc­ers, who ac­cuse for­eign man­u­fac­tur­ers of dump­ing phe­nol on the Chi­nese mar­ket at prices be­low their fair value.

As anti-glob­al­iza­tion and pro­tec­tion­ism spread, ex­perts urged that all in­volved par­ties deal with the trade fric­tions through di­a­logue on the ba­sis of mu­tual re­spect, equal­ity and mu­tual ben­e­fit.

Xue Rongjiu, deputy di­rec­tor of the Bei­jing-based China So­ci­ety for WTO Stud­ies, said as China is open­ing up on a higher level and com­mands much lee­way in for­eign trade, se­vere trade fric­tion would dam­age many coun­tries’ in­ter­ests in the long-term.

“Mean­while, sup­ply-side struc­tural re­form and in­no­va­tion cam­paigns have shored up the sta­bil­ity and re­silience of the Chi­nese econ­omy, and the coun­try is ca­pa­ble of han­dling risks and chal­lenges to main­tain healthy eco­nomic growth,” said Zhang Mo­nan, a re­searcher with the China Cen­ter for In­ter­na­tional Eco­nomic Ex­changes.

The Trump ad­min­is­tra­tion’s threat to im­pose ex­tra tar­iffs on crude drugs man­u­fac­tured in China will ul­ti­mately harm the in­ter­ests of the Amer­i­can peo­ple, who will have to pay more for the fi­nal prod­ucts made by lo­cal firms in the United States, said a lead­ing in­dus­try an­a­lyst.

Medicines and health prod­ucts ac­count for ap­prox­i­mately 30 per­cent of the to­tal prod­ucts on which the US au­thor­i­ties threat­ened to levy ex­tra tar­iffs, ac­cord­ing to the China Cham­ber of Com­merce for Im­port and Ex­port of Medicines and Health Prod­ucts.

The cham­ber added that the cus­toms tar­iff codes for ex­port com­modi­ties are dif­fer­ent be­tween the Chi­nese and US cus­toms.

Great Wall Se­cu­ri­ties said

China is a cru­cial part of the busi­ness of ma­jor ports in Wash­ing­ton state, a trans­porta­tion ex­ec­u­tive told a House of Rep­re­sen­ta­tives panel at a hear­ing on the im­pact of tar­iffs.

“Our suc­cess as an air­port and sea­port gate­way is in­ex­tri­ca­bly linked to China. Last year, more than $27 bil­lion in im­ports from China came through Seat­tle and Ta­coma cargo ter­mi­nals, with an ad­di­tional $1.1 bil­lion in im­ports from China via Sea-Tac,” John Wolfe, chief ex­ec­u­tive of­fi­cer

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.