WTO reverses US trade measures against China

%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20World%20Trade%20Organization%27s%20appellate%20body%20has%20largely%20reversed%20a%20previous%20panel%20ruling%20on%20China-US%20trade%20and%20supports%20China%20in%20its%20complaint%20against%20American%20anti-dumping%20measures%20imposed%20on%20four%20sets%20of%20Chinese%20exports.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20filed%20its%20complaint%20to%20the%20WTO%20in%20December%202008%2C%20requesting%20that%20the%20Dispute%20Settlement%20Body%20establish%20a%20panel%20to%20probe%20a%20US%20Commerce%20Department%20decision%20to%20impose%20anti-dumping%20and%20countervailing%20duties%20on%20Chinese-made%20steel%20pipe%2C%20tubing%2C%20sacks%20and%20tires%20and%20its%20determinations%20for%20the%20duties.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAn%20appeal%20was%20brought%20to%20the%20appellate%20body%20in%20December%20after%20China%20disagreed%20with%20part%20of%20the%20rulings%20made%20by%20the%20panel.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EA%20renewed%20report%20from%20the%20appellate%20body%20not%20only%20supported%20China%27s%20claims%20in%20specific%20cases%2C%20but%20also%20deemed%20the%20US%20approach%20in%20forming%20the%20anti-dumping%20duties%20and%20countervailing%20duties%20inconsistent%20with%20WTO%20agreements.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIt%20outlawed%20American%20practices%20in%20labeling%20Chinese%20State-owned%20enterprises%20as%20%22public%20body%22%20and%20restricted%20the%20US%20from%20applying%20anti-dumping%20duties%20to%20Chinese%20firms%20on%20the%20basis%20of%20a%20Non-Market%20Economy%20methodology.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20practice%20of%20%22double%20remedies%2C%22%20which%20by%20imposing%20countervailing%20duties%20on%20the%20basis%20of%20anti-dumping%20duties%20repeatedly%20applies%20trade%20measure%20on%20Chinese%20products%2C%20was%20also%20ruled%20inconsistent%20with%20WTO%20agreements.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAnalysts%20believe%20that%20the%20appellate%20body%27s%20ruling%20has%20a%20major%20influence%20on%20China%27s%20exportation%2C%20as%20some%20of%20its%20trading%20partners%2C%20the%20US%20and%20EU%20in%20particular%2C%20frequently%20use%20anti-dumping%20and%20countervailing%20duties%20to%20block%20Chinese%20products%20from%20entering%20their%20markets.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20its%20Friday%20announcement%2C%20the%20Chinese%20Ministry%20of%20Commerce%20welcomed%20the%20ruling%20and%20hailed%20it%20as%20a%20monumental%20victory%20in%20promoting%20fair%20trade.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20urged%20the%20US%20to%20immediately%20adjust%20its%20relevant%20measures%20on%20the%20four%20sets%20of%20Chinese%20exports%2C%20and%20demanded%20the%20US%20mend%20its%20current%20practices%20of%20unfairly%20overusing%20trade%20measures%20and%20ensure%20Chinese%20companies%27%20rights%20to%20fair%20competition%20in%20US%20markets.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EApart%20from%20China%27s%20complaints%20in%20the%20case%2C%20in%20recent%20years%2C%20the%20US%20has%20initiated%20more%20than%2020%20other%20cases%20of%20anti-dumping%20and%20countervailing%20investigation%2C%20on%20virtually%20the%20same%20basis%20and%20methodology.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20reported%20is%20expected%20to%20be%20adopted%20within%2030%20days%20of%20issuance.%3CBR%3E%3C/FONT%3E%3C/P%3E