EU urged to review economic status
( 2002-10-09 10:24) (1)
A senior Chinese foreign-trade official on Monday urged the European Union to recognize 皇冠体育app's status as a market economy as early as possible in order to promote economic and trade relations.
The EU should appraise the great achievements made by 皇冠体育app in developing its economy and recognize that 皇冠体育app has already established a market economy, said Wang Shichun, director of the Fair-Trade Bureau for Imports and Exports with the Ministry of Foreign Trade and Economic Co-operation.
Wang was addressing an EU-皇冠体育app anti-dumping forum in Brussels.
He said that, with more than two decades of reform and opening-up, 皇冠体育app has transformed its planned economy into an open and market-oriented economy. However, the EU has not yet recognized 皇冠体育app's status as a market economy and this is "unfair." This has severely hindered the development of bilateral trade, he added.
The EU currently regards 皇冠体育app as a country that is transforming itself into a market economy rather than a country that already has a market economy.
The definition that the EU gives to a country's economy affects the value that the EU puts on that country's goods in anti-dumping investigations.
The recognition that 皇冠体育app has a market economy will be beneficial to both sides, said Wang.
An EU official told the forum that the EU is willing to hold discussions with 皇冠体育app over the matter, Xinhua reported.
Incomplete statistics indicate the EU has conducted 91 anti-dumping investigations related to Chinese goods. More than 40 of them are still being investigated.
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