the-us-urged-by-china-to-follow-the-rules-set-by-the-wto-in-the-aluminum-foil-trade-remedy-investigation

An official from Chinese commerce urged the American authorities to follow World Trade Organization rules in a dispute regarding anti-subsidy and anti-dumping regarding Chinese Aluminum foil.

After the Aluminum Association Trade Enforcement Working Group began accusing Chinese Aluminum foil producing companies of unfair practices like price dumping and subsidies, the Department of Commerce for the U.S. start their investigation.

Despite this dispute, both the Chinese and U.S. aluminum industries actually have a symbiotic relationship. The U.S. reduced their product of lower grade aluminum products like foil 20 years and started focusing on higher end aluminum production. According the Wang Hejun, who leads the Chinese Ministry of Commerce, this is the reason U.S. output has fallen.

Therefore, if the U.S. enacts trade action against Chinese aluminum foil, it will hurt not only Chinese producers of aluminum foil but also impact the competitiveness of U.S. downstream sectors. This would impact consumer as well as employer interests, Wang declared, and that it would only be a lose-lose situation.

Wang then urged on the U.S. to instead follow the decisions of WTO experts and allow Chinese exporters to present fair counter-argument rights. Indeed, China is hoping that the two sides can work together to find a solution through consultation and mutual dialogue about how the two countries can grow their aluminum industries together.

Source: http://www.aaluminum.com/anodized-aluminum-blog/285-the-u-s-urged-by-china-to-follow-the-rules-set-by-the-wto-in-the-aluminum-foil-trade-remedy-investigation.html

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