People's Daily Online -- News analysis: new characteristics in China's int'l trade disputes
People's Daily Online -- News analysis: new characteristics in China's int'l trade disputesHome >> Opinion
UPDATED: 16:56, August 12, 2005
News analysis: new characteristics in China's int'l trade disputes
As China's total foreign trade volume goes on soaring with the trade surplus expanding, the country has been more frequently engaged in all kinds of trade disputes with major trade partners. Some new characteristics begin to emerge in this area.
Firstly, many of China's foreign trade disputes are related to its export of textile goods. After the global textile quota regime was removed on Jan. 1, 2005, China's textile export to many countries began to skyrocket.
Since the latter half of 2004, there have been seven anti-dumping or safeguard cases in the world against textile goods imported from China.
The European Union and the United States, China's two largest trade partners, both imposed quotas on some categories of Chinese textile products this year, leading to rounds of inter-governmental trade talks.
Recently Canada, South Africa, Colombia, and some other countries also launched investigations on textile imports from China to decide whether to impose restrictions. Some believe the textile issue will continue to be controversial in China's foreign trade exchanges on the long run.
Secondly, more and more developing countries in Asia, Africa and Latin America have started to kickoff anti-dumping, anti-subsidy and safeguard measures against Chinese goods.
From January to July this year, of the total 35 cases restricting imports from China, 22 cases were launched by developing countries.
Thirdly trade partners are taking increasingly rigid measures against Chinese goods, which severely affect the growth of China's industries and the employment of tens of millions of low-income workers.
China has made a concrete effort to ameliorate to these trade frictions. The European Union and China, after hard talks lasting into the early morning, agreed on a deal in June to manage the growth of Chinese textile imports to the EU until the end of 2007.
The Sino-EU agreement on textile trade set a good example for future proper solutions of trade frictions with other countries.
By now, 70 Chinese enterprises responding to the EU's anti-dumping investigations have gained the recognition of having a market economy status. Successful lobbying by Chinese companies has excluded China's sneaker exports, worth 330 million US dollars, from the EU's anti-dumping surveys.
The government and chambers of commerce are also improving their early-alert mechanisms to guide and regulate the export activity of Chinese firms, so as to avoid unnecessary losses and further trade friction.
Last month, the Ministry of Commerce and the China Textile Import and Export Chamber, due to US restrictive measures, on several occasions sent red alert signals to domestic companies, asking them to suspend exports of some categories of textile goods to it.
Although China has scored remarkable progress in dealing with its trade disputes, some difficulties and problems remain, said an official with the Ministry of Commerce.
China's export structure as well as the growth mode of its foreign trade are highly conducive to trade conflict, the official acknowledged, and many domestic enterprises are still passive in responding to trade disputes.
Source: Xinhua
UPDATED: 16:56, August 12, 2005
News analysis: new characteristics in China's int'l trade disputes
As China's total foreign trade volume goes on soaring with the trade surplus expanding, the country has been more frequently engaged in all kinds of trade disputes with major trade partners. Some new characteristics begin to emerge in this area.
Firstly, many of China's foreign trade disputes are related to its export of textile goods. After the global textile quota regime was removed on Jan. 1, 2005, China's textile export to many countries began to skyrocket.
Since the latter half of 2004, there have been seven anti-dumping or safeguard cases in the world against textile goods imported from China.
The European Union and the United States, China's two largest trade partners, both imposed quotas on some categories of Chinese textile products this year, leading to rounds of inter-governmental trade talks.
Recently Canada, South Africa, Colombia, and some other countries also launched investigations on textile imports from China to decide whether to impose restrictions. Some believe the textile issue will continue to be controversial in China's foreign trade exchanges on the long run.
Secondly, more and more developing countries in Asia, Africa and Latin America have started to kickoff anti-dumping, anti-subsidy and safeguard measures against Chinese goods.
From January to July this year, of the total 35 cases restricting imports from China, 22 cases were launched by developing countries.
Thirdly trade partners are taking increasingly rigid measures against Chinese goods, which severely affect the growth of China's industries and the employment of tens of millions of low-income workers.
China has made a concrete effort to ameliorate to these trade frictions. The European Union and China, after hard talks lasting into the early morning, agreed on a deal in June to manage the growth of Chinese textile imports to the EU until the end of 2007.
The Sino-EU agreement on textile trade set a good example for future proper solutions of trade frictions with other countries.
By now, 70 Chinese enterprises responding to the EU's anti-dumping investigations have gained the recognition of having a market economy status. Successful lobbying by Chinese companies has excluded China's sneaker exports, worth 330 million US dollars, from the EU's anti-dumping surveys.
The government and chambers of commerce are also improving their early-alert mechanisms to guide and regulate the export activity of Chinese firms, so as to avoid unnecessary losses and further trade friction.
Last month, the Ministry of Commerce and the China Textile Import and Export Chamber, due to US restrictive measures, on several occasions sent red alert signals to domestic companies, asking them to suspend exports of some categories of textile goods to it.
Although China has scored remarkable progress in dealing with its trade disputes, some difficulties and problems remain, said an official with the Ministry of Commerce.
China's export structure as well as the growth mode of its foreign trade are highly conducive to trade conflict, the official acknowledged, and many domestic enterprises are still passive in responding to trade disputes.
Source: Xinhua
posted by Eastlaw at 7:35 AM
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