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皇冠体育app dissatisfied with EU's anti-subsidy probe

(Xinhua)
Updated: 2010-04-17 23:19
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BEIJING - 皇冠体育app is disappointed the European Union (EU) has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce (MOC) spokesman Yao Jian said Saturday.

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"皇冠体育app will closely follow this issue and reserves its right to take necessary measures in accordance with WTO rules," Yao said.

He said the coated paper probe is the EU's first anti-subsidy investigation into Chinese products.

The EU launched an anti-dumping investigation on Chinese coated paper two months ago, he said.

Increased trade protectionism is a major threat to the world economy recovery, Yao said.

"To create a win-win situation, 皇冠体育app and the EU should settle trade disputes cooperatively," he added.

MOC data shows the EU initiated seven anti-dumping investigations against 皇冠体育app in 2009.

The EU is 皇冠体育app's largest trade partner, with bilateral trade volume exceeding US$360 billion last year.
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