Ministry Of Commerce Strongly Opposed To U.s. Policy On China Oil Pipe Countervailing Measures

Ministry of Commerce spokesman Yao Jian-25 on the U.S

. China OCTG countervailing final award decision made a statement, he said: "The United States continues to follow its countervailing preliminary ruling survey of discriminatory practices, the error determined the existence of subsidies and any increased anti- subsidy rate, the Chinese side expresses strong dissatisfaction and resolute against it. "

Yao Jian said the United States of discriminatory practices mainly: First, regardless of objective facts, the misconception that Chinese companies sourcing production of oil well pipes are used in all round constitutes a subsidy. Second, disregard of China's market economy's tremendous achievements, wrongly assuming that the Chinese Government, through the intervention round supply of market distortions in the round of market prices, refused the Chinese government and business put forward by the domestic market price information, insisting on the use of other countries, market prices As a benchmark, artificially raising the so-called subsidy rate.

Yao said the United States to subsidize the identification and calculation errors in practice, greatly damaged the interests of China, the Chinese Government and industry are not acceptable. These wrong practices in other cases by the U.S. court ruled that as inappropriate, the Chinese side urges the U.S. side to face the objective facts, to take effective measures to correct the mistake.

He also reiterated that the U.S. should abide by the G20 summit commitments and shortly before the two leaders reached consensus, oppose trade protectionism and prevent abuse of trade remedy measures.

U.S. Department of Commerce on November 24 that Chinese exports to the U.S. oil pipe dual investigations in the subsidy investigation the Final result, ruled China oil pipe manufacturers there from 10.36 to 15.78%, ranging from subsidized rate.

US-China oil pipe dual sanctions countdown

U.S. Department of Commerce on the 24th to make final ruling, a Chinese oil well pipes of subsidies on grounds stated will be related to product implementation from 10.36 to 15.78 percent countervailing duty sanctions. The case involving about 27 billion U.S. dollars, is by far the US-China trade sanctions, the largest one case.

By the U.S. rules, the U.S. International Trade Commission next year on January 7 on China's steel is damaged and the U.S. domestic steel industry for the final ruling. If the ruling against me, the Commerce Department will order the U.S. Customs related products immediately countervailing sanctions.

Before this, the International Trade Commission, the preliminary ruling had already found Chinese products on the U.S. industry, harmful, many analysts believe that last sentence is only a matter of time.

Statement under the U.S. Department of Commerce, the United States considered that the existence of government subsidies for domestic oil pipes, affected by the substantial growth in product sales in the United States, therefore, the U.S. imposed countervailing sanctions decision. Among them, Zhejiang Jian Li Co., Ltd. is the U.S. required to pay the countervailing duty rate was the highest 15.78%, followed by Wuxi Seamless Oil Special Pipe Manufacturing Co., Ltd. and Jiangsu Chang Bao Steel Tube Co., Ltd., the rate was 14.61% and 11.98%. Tianjin Pipe Group is exposed to 10.36% rate, all other Chinese steel vendors require to pay 13.20% of tariffs.

Ministry Of Commerce Strongly Opposed To U.s. Policy On China Oil Pipe Countervailing Measures

By: yoyo

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