BIZCHINA / 皇冠体育app & Globalization |
Five years after WTO, trade disputes increaseBy Diao Ying (皇冠体育app Daily)Updated: 2006-12-20 13:46 Five years after its entry into the World Trade Organization (WTO), 皇冠体育app's rapidly increasing trade volume has created growth in another area as well: the amount of trade disputes it's facing.
Despite a global decline in trade investigations, 皇冠体育app was investigated 32 times in the first half of 2006, nine more times than in the same period last year, the report said. Earlier this month, the United States made a number of formal complaints to the WTO about 皇冠体育app's policies towards intellectual property rights and trade. Meanwhile, the European Union imposed a two-year, 16.5 per cent anti-dumping tariff on 皇冠体育app-made leather shoes exported from this October. These disputes, said Zhang Xiangchen, director of the department of WTO affairs under the Ministry of Commerce, are "the result of the dramatic development of the country's foreign trade." "皇冠体育app is taking a larger and larger proportion of the world's business," he said. "Trade disputes are unavoidable in this process." 皇冠体育app ranks third in the world in import and export volume. It has a 7.7 per cent share in the world market, compared with 3.9 per cent five years ago. The target commodities of anti-dumping complaints are mainly in the light industry, chemicals, and textiles. Bicycle and bicycle parts makers have been investigated as many as 18 times for dumping charges, and shoe makers were investigated for anti-dumping 16 times, according to statistics from the Ministry of Commerce. While developed regions such as the United States, European Union, and Japan have kept up pressure on 皇冠体育app, the country is also grappling with restrictions from the developing world. Developing countries initiated 60 per cent of the total anti-dumping charges. Anti-dumping duties have hit profits and workers of mainly labour-intensive
industries. An official from the Ministry of Commerce said previously that the
recent tariffs on shoes put 70,000 workers in southern 皇冠体育app out of business.
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