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ECONOMY
THIS WEEK> THIS WEEK NO. 31, 2012> ECONOMY
UPDATED: July 29, 2012 NO. 31 AUGUST 2, 2012
Trade Remedy Abuse
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The Ministry of Commerce on July 23 repeated its calls for the EU to avoid abusing trade remedy measures to disrupt bilateral trade, after the EU's highest court recently ruled in favor of a Chinese enterprise.

"For a long time, the European Commission has been abusing the discretionary power and misusing relevant laws in its trade investigations, which have led to unjustified trade remedy measures," said a statement posted on the ministry's website.

The ministry said as an important member of the WTO, the EU should strictly observe trade rules.

The remarks came in response to a court ruling that rejected an appeal by the EU Council to impose anti-dumping duties on imports of the herbicide glyphosate produced by China's Zhejiang Xinan Chemical (Xinanchem) because of the Chinese Government's minority stake in the company.

The ruling said the state's control over the general meeting of Xinanchem's shareholders did not automatically exclude the company from the benefit of market economy treatment, marking a landmark victory for Chinese companies seeking market economy treatment in Europe.



 
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