Home / Knowledge / News / Textiles / Govt lambasts US trade protectionism measures

Govt lambasts US trade protectionism measures

03
Feb '10
A spokesman of China Ministry of Commerce issued a statement on February 1, saying that the current trade protectionism has a serious impact on the stable development of Sino-US economic and trade relations.

He said that the United States should fully understand the seriousness of the problem, it should fulfill its commitments, do not abuse trade remedy measures, do not engage in trade protectionism, but earnestly safeguard the overall situation for Sino-US economic and trade relations.

Mr Yao Jian refuted the remarks of the US Department of Commerce which accused the Chinese government of setting up barriers in market opening and foreign investment and said that the statement is entirely contrary to the facts.

According to him, China is the third largest export market of the United States, and is also the fastest-growing export market of the US since many years. Quoting from statistics, he said, US exports to China reached US $77.4 billion in 2009, leading to an increase in its export share.

He said that absorption of foreign investment is an important part of China's basic national policy of opening up to the outside world. Foreign-invested enterprises in China are established in accordance with Chinese law, and are considered important components of China's national economy.

The executive meeting of China's State Council has specially studied and identified a series of policy measures to further expand opening up, improve utilization level of foreign investment, which are bound to create more favorable conditions for foreign investors to invest in China.

Yao Jian stressed that trade protectionism in the US has increased clearly after the financial crisis and China has become the biggest victim of its abuse of trade remedy measures. Some people are trying to shift domestic conflicts and economic problems in the United States to other countries, which do not help.

It is learned that since January 2010,the United States has ruled and imposed high anti-dumping duties on Chinese-made wire mesh pallets and electrothermal blankets, meanwhile it has also launched anti-dumping countervailing investigation on China-made drill pipes.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search