The World Trade Organization's ruling that authorizes China to impose 645 million of compensatory tariffs against the United States is a victory for multilateralism and free trade, and highlights the failure of the US to abide by WTO rules that it's obliged to follow, experts and business leaders said on Thursday.
Their comments came after the trade body decided on Wednesday to allow China to impose the tariffs. This followed China's challenge at the Geneva-based organization in 2012 against countervailing duty investigations by the US that led to the imposition of anti-subsidy duties from 2008 to 2012 on 22 Chinese products ranging from solar panels to steel wire.
China also challenged the US claim that majority government ownership is sufficient to treat an enterprise as a "public body".
"The ruling was of great significance to rebut the illicit countervailing practices of the US, protect the legitimate trade interests of Chinese enterprises and safeguard the multilateral trading system," the Ministry of Commerce said in an online statement.
Etazini dwe sispann chèche nenpòt eskiz epi pran aksyon imedya pou korije move aksyon li yo nan envestigasyon remèd komès kont Lachin, deklarasyon an te di.
Analysts said the ruling has again sent a clear message that the US violated WTO trade rules. The decision also boosts global confidence in the multilateral trading system's authority, they added.
"The ruling is important to correct wrong practices in global trade by some countries. It is expected to serve as a measure to punish unilateral and hegemonistic behavior," said Huo Jianguo, vice-chairman of the China Society for World Trade Organization Studies.
Xia Aimin, CEO of Tianjin Shangdian Qinding Energy Technology Co, who previously worked for a company that went bankrupt after the imposition of US anti-subsidy tariffs, said the ruling was an example of "belated, but welcome justice".
Li te di ke pwodwi panèl solè Chinwa yo kontinye trè popilè sou mache mondyal yo grasa nivo segondè yo nan bon jan kalite ak pri konpetitif. Akòz eksperyans yo nan diskisyon komès ki sot pase yo, konpayi Chinwa yo kounye a pi byen prepare pou fè biznis nan mache mondyal yo, Xia te ajoute.
Lin Shen, yon chèchè nan Enstiti Ekonomi Mondyal ak Politik nan Akademi Chinwa Syans Sosyal, te di pi bon fason pou fè komès lib, jan Etazini toujou reklame li vle, se obsève règ Oganizasyon Komès Mondyal la.
It is groundless for some countries to negate China's status as being a developing country and make wrongful allegations about China's economic model, including criticisms of Chinese State-owned enterprises' ways of doing business, which abide by market rules, he added.
Nan mwa Novanm 2019, Oganizasyon Komès Mondyal la te bay Lachin dwa pou l enpoze tarif vanjans 3.58 milya dola sou machandiz ameriken apre li te jwenn fot nan kèk mezi anti-depotwa Etazini kont Lachin.
Nan 2018 ak 2019, Etazini te tou enpoze tarif adisyonèl sou enpòtasyon Chinwa yo, men yon panèl Oganizasyon Komès Mondyal te deside nan 2020 ke US la te nan vyolasyon obligasyon WTO li yo.
