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Global Trade Conflict Looms Over China’s Market Status
Trade tensions rise as China, the United States and the European Union quarrel how far each can go with anti-dumping measures to prevent exports at low prices to control markets, reports Guy de Jonquieres for Nikkei Asian Review. “Anti-dumping laws, which are employed by many countries, including China, are a glaring exception from world trade rules that prohibit governments from unilaterally raising import tariffs,” he writes. He describes the process of bringing anti-dumping cases before the World Trade Organization as “highly technical” and a “dark art,” often relied upon by the weakest industries. China expects Market Economy Status from the WTO by the end of this year, but the EU and especially the US with the presidential campaign may balk. “For the U.S. and EU to shelter behind legal ambiguities in order to perpetuate a particularly opaque form of trade protection sits decidedly oddly with their constant insistence that China should open its market further, adopt more transparent policies and adhere more strictly to global rules,” Jonquieres notes. Battles over WTO rules and back-and-forth retaliation will raise doubts about the benefits of global trade. – YaleGlobal
Global Trade Conflict Looms Over China's Market Status
China expects WTO Market Economy Status – but the EU and the US resist, clinging to ability to calculate Chinese export costs and file anti-dumping cases
Guy de Jonquieres
Friday, January 29, 2016
Guy de Jonquieres is a senior fellow at the European Centre for International Political Economy, a Brussels-based think tank, and formerly a journalist with the Financial Times.
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