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Archive
Cover Stories Series 2013> Export Era Ends> Archive
UPDATED: January 7, 2013 NO. 2 JANUARY 10, 2013
Time to Settle Tariff Disputes
Cooperation is the only way forward for Chinese and American businesses
By Lan Xinzhen
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ROLL AHEAD: A foreign executive of Hebei Xingmao Tire Co. Ltd. (second left) introduces the company's operation to tax officials. The company is focusing on the home market to avoid trade frictions between China and the United States (CFP)

Facing pressure from the United States, China should first protect itself by making full use of WTO rules. That the U.S. Government collects both anti-dumping and countervailing duties goes against WTO regulations, so the Chinese Government should continue to appeal to the body to resolve trade frictions.

Against trade protectionist measures adopted by the United States, China can first attempt dialogue to strengthen communications with the U.S. Government, expand cooperation and reduce the frequency of disputes. China can also encourage U.S. companies doing business in China and other related interest groups to lobby the U.S. Government.

"When dialogue and consultations cannot solve the issues, the Chinese Government should also be prepared to enact countermeasures so as to firmly protect the legitimate interests of Chinese companies," Yuan said.

Cooperation remains key

"Although trade frictions between China and the United States are increasing, cooperation is still the mainstream of bilateral relations," according to a report by the MOFCOM.

China-U.S. economic and trade relations remained steady in 2012, with bilateral trade expected to reach a record high of $500 billion in 2012, said the report. The United States has become China's largest export market.

The MOFCOM said under the background of a slow economic recovery and presidential election in 2012, some U.S. officials tended to use politics to solve trade problems, thereby accelerating trade frictions with China. The U.S. government criticized that China did not observe international rules.

The United States also looked to the WTO to examine measures adopted by China on limitations of rare earth exports and other raw materials, anti-dumping and countervailing duty measures against automobiles and auto parts subsidies.

The Obama administration and Congress also exerted pressure on China regarding its yuan exchange rate, insisting that China should shoulder more responsibilities for the "rebalancing of the world economy" and further open its market. Meanwhile, the United States continues to block Chinese companies from investing in the United States for reasons of "national security."

"But we should note that cooperation is the main tune of China-U.S. relations and mutual benefits are essential. Trade relations are the 'ballast' of the ship of China-U.S. ties," the MOFCOM report stated.

The MOFCOM said high-level visits and trade and economic dialogue between China and the United States have laid a foundation for bilateral economic and trade cooperation. The visit of Vice President Xi Jinping to the United States in February 2012 helped establish that cooperative partnership between China and the United States and has helped expand bilateral economic and trade ties.

In March, President Hu Jintao met with President Obama during the Nuclear Security Summit in Seoul, and the two parties reached an important consensus on strengthening cooperation in several areas and on further promoting the bilateral partnership. In November, Premier Wen Jiabao met with President Obama during the East Asia Summit in Cambodia, proposing again that the two countries should carry out a much larger package of cooperation in such areas as trade, investment, financing and infrastructure, and work to resolve conflicts and differences.

Email us at: lanxinzhen@bjreview.com

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