China warns opposite EU’s abuse of trade pill measures

BEIJING, Aug. 4 (Xinhua) — China pronounced Thursday that a EU should equivocate abusing trade pill measures, following a European Commission’s latest preference to levy anti-dumping duties on some Chinese steel products.

On Thursday, a European Commission motionless to levy duties from 19.7 to 22.1 percent on cold rolled steel products alien from China, a second pierce to levy anti-dumping duties on Chinese steel products this week, a Ministry of Commerce (MOC) pronounced in a statement.

The pierce will lift a cost of associated products in a EU and harm a competitiveness of a production sector, a method said, adding that a retroactive avocation collection “raises authorised uncertainties and exceedingly hinders normal general trade.”

“China regrets these uninterrupted trade protectionist moves and urges a EU to respect a commitments done underneath general circumstances,” a matter said.

Trade ministers of a G20 reached a accord to mount opposite trade protectionism during a assembly in Shanghai final month.

The EU should equivocate a abuse of trade pill measures and “avoid promulgation a wrong vigilance to a outward world,” according to a MOC.

China maintains that trade pill measures should be used in a advantageous and calm approach and uttered eagerness to urge communication with a EU to scrupulously solve a stream problems confronting a steel industry, it added.

Leave a Comment