Classification
More+US protectionism won’t solve global steel woes: MOC
date：2016-09-27
BEIJING?-?Protectionism?is?not?a?solution?for?tackling?global?steel?woes,?China’s?Ministry?ofCommerce?(MOC)?said?on?Friday?following?a?decision?by?the?United?States?to?impose?duties?onChinese?steel?products.
In?a?preliminary?ruling?on?September?7,?the?US?Commerce?Department?set?an?anti-subsidy?dutyrate?of?210.5?percent?for?imported?carbon?alloy?steel?products?from?China.
The?preliminary?ruling?was?against?the?commitment?made?during?the?G20?Hangzhou?Summit?formembers?to?oppose?trade?protectionism?and?support?multilateral?trading?mechanisms?in?pursuitof?trade?growth,?said?the?MOC?in?a?statement?on?its?website.
China?always?advocates?coordination?and?cooperation?to?solve?the?difficulties?in?the?global?steelindustry,?rather?than?frequently?resorting?to?protectionism,?the?statement?said.
The?MOC?urged?the?US?to?abide?by?World?Trade?Organization?rules,?observe?the?consensusreached?during?the?G20?Hangzhou?Summit,?and?shoulder?the?responsibility?to?promote?therecovery?of?the?global?steel?industry?and?improve?the?global?trade?environment.
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