The steel import restrictions the country for the first time use the wto dispute settlement mechanism

According to provide the latest news from the ministry of foreign economic relations and trade, the Chinese government according to WTO security measures under item (SGA) concerned regulation, today to the WTO will put forward the 201 steel safeguard measures with the United States in consultations, China demands the us determine the consultation of time, place, as soon as possible. March 5,, President bush announced the import steel 201 safeguards investigation case finally relief program, of the slab, steel, and long board the main import steel varieties for three years of implementation of the tariff quotas or imposed on as much as 30% of tariffs, the Chinese earthquake was surprised.snapback hats After serious research, Chinese believe the United States 201 steel guarantee measures and the world trade organization is not relevant provisions. The U.S. government's decision to China's steel enterprises for the normal export caused serious influence, make enterprise losses, China's government says strong dissatisfaction. China related enterprise and association react very strongly, they ask the government to take corresponding measures. The United States as one of the world's major trading power, to maintain the order of international trade obligations, should be fully considering the move to the international trade order cause significant damage. In fact, the U.S. steel industry the current problems cannot be attributed to foreign imports, but its inner irrational industrial structure caused. Take protectionist measures will only hinder the benign industrial structure adjustment, not help solve a problem. Moreover, China export related to the United States of the United States steel products imported products proportion is very small, were not serious damage to the United States steel, China demands the us should pay full attention to China's specific conditions, properly solve the problem. The two countries are important trade partner,nba jerseys the two countries' economies of great complementary to each other. China hopes that through the bilateral negotiations as soon as possible to solve the problem of China's attention, avoid china-us economic and trade relations damage. The Chinese government will keep its safeguard measures in the agreement, the gatt and about the dispute settlement rules and procedures of the understanding of all right.

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