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.
Teb Chaws Asmeskas yuav tsum tsis txhob nrhiav kev zam txim thiab ua tam sim ntawd los kho nws qhov kev ua txhaum cai hauv kev tshawb nrhiav kev lag luam tawm tsam Tuam Tshoj, cov lus hais.
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".
Suav hnub ci vaj huam sib luag cov khoom lag luam tseem nrov heev ntawm kev lag luam thoob ntiaj teb ua tsaug rau lawv cov qib siab zoo thiab cov nqi sib tw, nws hais. Vim lawv cov kev paub dhau los hauv kev tsis sib haum xeeb kev lag luam tsis ntev los no, Tuam Tshoj tam sim no tau npaj zoo dua los ua lag luam hauv ntiaj teb kev lag luam, Xia ntxiv.
Lin Shen, tus kws tshawb fawb ntawm Lub Tsev Haujlwm Saib Xyuas Kev Lag Luam Hauv Ntiaj Teb thiab Kev Lag Luam ntawm Suav Academy ntawm Social Sciences, tau hais tias txoj hauv kev zoo tshaj plaws los ua lag luam dawb, raws li Asmeskas ib txwm hais tias nws xav tau, yog ua raws li cov cai ntawm WTO.
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.
Thaum Lub Kaum Ib Hlis 2019, WTO tau tso cai rau Tuam Tshoj txoj cai los txiav txim siab tariffs ntawm 3.58 billion rau US cov khoom tom qab pom qhov ua txhaum nrog qee qhov US tiv thaiv - kev ntsuas pov tseg tawm tsam Tuam Tshoj.
Hauv 2018 thiab 2019, Tebchaws Asmeskas tseem tau them se ntxiv rau Suav cov khoom lag luam, tab sis ib pawg WTO tau txiav txim rau xyoo 2020 tias Tebchaws Meskas tau ua txhaum cai ntawm WTO cov luag haujlwm.
