CCOIC Strongly Opposed U.S. Section 232 Investigation
The China Chamber of International Commerce (CCOIC) has strongly opposed the U. S. trade protectionism act in the name of safeguarding national security.
Wang Xuejia from CCOIC Enterprises’ Rights Protection Center voiced her strong opposition on the U.S.’ deed as she was attending a public hearing on its Section 232 investigation of imports of automobiles and automotive parts on July 19 in the U.S. Department of Commerce in Washington D.C.
Wang said, the production and sales of U.S.’ automobiles have maintained steady growth since 2009. Therefore, the trade protectionism act will definitely add more burdens to consumers, and increase U.S. unemployment rate, which has not only gone against the real purpose of Section 232 investigation, but also undermined the global competitiveness of auto industry, igniting trade retaliation and hence having negative impacts on international trade order and global economic revival.
“China- made automobiles accounted for less than 1% of the U. S. total import in 2017. The export of China’s auto parts last year was comparatively small and these auto parts were mainly assembled for commercial vehicles, which would definitely not be detrimental to the U.S. national security. Therefore, the U.S. should stop the investigation nor place any restrictions on Chinese auto products,” added Wang.