The World Trade Organization's ruling that authorizes China to impose 645 million of compensatory tariffs against the United States is a victory for multilateralism and free trade, and highlights the failure of the US to abide by WTO rules that it's obliged to follow, experts and business leaders said on Thursday.
Their comments came after the trade body decided on Wednesday to allow China to impose the tariffs. This followed China's challenge at the Geneva-based organization in 2012 against countervailing duty investigations by the US that led to the imposition of anti-subsidy duties from 2008 to 2012 on 22 Chinese products ranging from solar panels to steel wire.
China also challenged the US claim that majority government ownership is sufficient to treat an enterprise as a "public body".
"The ruling was of great significance to rebut the illicit countervailing practices of the US, protect the legitimate trade interests of Chinese enterprises and safeguard the multilateral trading system," the Ministry of Commerce said in an online statement.
Ní mór do na Stáit Aontaithe éirí as aon leithscéal a lorg agus gníomh láithreach a ghlacadh chun a éagóir a cheartú sna himscrúduithe leigheas trádála i gcoinne na Síne, a dúirt an ráiteas.
Analysts said the ruling has again sent a clear message that the US violated WTO trade rules. The decision also boosts global confidence in the multilateral trading system's authority, they added.
"The ruling is important to correct wrong practices in global trade by some countries. It is expected to serve as a measure to punish unilateral and hegemonistic behavior," said Huo Jianguo, vice-chairman of the China Society for World Trade Organization Studies.
Xia Aimin, CEO of Tianjin Shangdian Qinding Energy Technology Co, who previously worked for a company that went bankrupt after the imposition of US anti-subsidy tariffs, said the ruling was an example of "belated, but welcome justice".
Leanann táirgí painéil gréine na Síne de bheith an-tóir ar mhargaí domhanda a bhuíochas dá n-ardleibhéal cáilíochta agus praghsanna iomaíocha, a dúirt sé. Mar gheall ar a dtaithí i ndíospóidí trádála le déanaí, tá cuideachtaí na Síne níos ullmhaithe anois chun gnó a dhéanamh i margaí domhanda, chuir Xia leis.
Dúirt Lin Shen, taighdeoir ag Institiúid na hEacnamaíochta Domhanda agus na Polaitíochta ag Acadamh Eolaíochtaí Sóisialta na Síne, gurb é an bealach is fearr chun saorthrádáil a dhéanamh, mar a éilíonn SAM i gcónaí gur mian leis, ná rialacha an WTO a urramú.
It is groundless for some countries to negate China's status as being a developing country and make wrongful allegations about China's economic model, including criticisms of Chinese State-owned enterprises' ways of doing business, which abide by market rules, he added.
I mí na Samhna 2019, thug an WTO an ceart don tSín taraifí frithbheartaíochta de 3.58 billiún a fhorchur ar earraí SAM tar éis dóibh an locht a fháil ar roinnt beart frithdhumpála SAM i gcoinne na Síne.
I 2018 agus 2019, chuir na SA taraifí breise ar allmhairí na Síne freisin, ach rialaigh painéal WTO i 2020 go raibh SAM ag sárú a oibleagáidí WTO.
