. Earth Science News .
Putin lands in China for talks, as trade disputes escalate

China to slap anti-dumping tax on chemical imports
China said Monday it would impose an anti-dumping tax of up to 37.5 percent on imports of polyamide-6/6 from five countries including the United States. The tax would be effective for five years from Tuesday after probes found "the domestic polyamide-6/6 industry suffered substantial damages" from "the dumping" of the imports, the commerce ministry said in a statement on its website. Besides imports from the United States, those from Italy, Britain, France and Taiwan will also be affected by the ruling, the ministry said. Polyamide-6/6 is a chemical widely used in the manufacturing of plastics and textiles.

Chinese shoe tariff extension proposed in EU
The European Commission has proposed to extend penalty taxes on Chinese and Vietnamese shoe imports by another 15 months, according to a commission document seen by AFP on Monday. Anti-dumping duties on footwear, essentially fines for exporting goods below production cost, were first applied in October 2006 and have so far cost manufacturers with operations in those countries hundreds of millions of euros. The provisions had been set to expire at the end of the year but according to the document the European Commission will recommend that they are renewed. "The anti-dumping measures on leather footwear should be maintained," the document says. According to the commission, the EU's executive arm, the European footwear industry would suffer "in the short and medium term" if the tariffs were scrapped immediately. "The duration of the measures should therefore be limited to 15 months," it said. Yet the proposed extension still needs the approval of the EU's 27 member states before it can come into effect and the measures have regularly been a source of conflict between them. The main vote faultline has run between Europe's economically liberal north, hostile in principle to anti-dumping measures, and the more protectionist south, sympathetic to fears that cheap Chinese imports could undermine EU producers. Bigger manufacturers that make their shoes in Asia, such as Diesel, Adidas or Puma, are also fighting against the renewal of the shoe tariffs. EU anti-dumping measures levy import duties of 16.5 percent on Chinese shoes with leather uppers and 10 percent on the same kind of shoes from Vietnam. Figures from the European Commission show that Chinese and Vietnamese shoes make up 30 percent of the EU footwear market.
by Staff Writers
Beijing (AFP) Oct 12, 2009
Russian Prime Minister Vladimir Putin landed in Beijing late Monday for a three-day visit to China during which the nations are to sign a raft of trade agreements and tighten political ties.

Putin will hold talks with his Chinese counterpart Wen Jiabao and President Hu Jintao as well as attend a summit of the Shanghai Cooperation Organisation, a regional security grouping involving six Central Asian states.

It is the Russian leader's first visit to China as prime minister, although he visited four times previously as president.

He flew to Beijing from Russky Island, a remote former military base near Vladivostok in Russia's Far East, seven time zones away from Moscow, which is set to host the 2012 Asia-Pacific Economic Cooperation summit.

Putin was welcomed at the airport by Chinese Foreign Minister Yang Jiechi, the China News Service reported.

The Russian government said the agreements due to be signed here included one committing each country to notifying the other of the launch of ballistic missiles.

Others in the works include Russian-Chinese trade deals and a memorandum of understanding on developing high-speed train travel on Russian territory, the government said in a statement in Moscow on Sunday.

Relations between Moscow and Bejing have a complicated history, and Russia has been watching China's growing economic and political might with a mixture of awe and uneasiness.

Still, in a message on communist China's 60th birthday on October 1, Putin and Russian President Dmitry Medvedev hailed Moscow's "strategic partnership" with Beijing, a term usually reserved for its closest allies and friends.

During Putin's visit, the two nations -- both permanent members of the UN Security Council -- are also expected to coordinate international diplomacy, especially on nuclear issues involving Iran and North Korea.

On Wednesday, he will attend a heads of government meeting of the Shanghai Cooperation Organisation, a group dominated by China and Russia that has been touted as a counterweight to Western-led institutions.

Moscow has touted their summit as set to adopt an "important document" on joint efforts to combat the effects of the global financial crisis.

The SCO also includes four ex-Soviet Central Asian countries -- Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan -- while India, Iran, Mongolia and Pakistan have observer status.

earlier related report
China asks WTO to rule on trade dispute with EU on fasteners
China on Monday asked the World Trade Organisation to rule on a dispute with the European Union over anti-dumping measures imposed by Brussels on imports of Chinese-made screws and bolts.

"The Chinese government instructed its mission to ... (request the) establishment of a panel to examine the dispute concerning the EC anti-dumping action on imports of fasteners from China," the Chinese mission to the WTO in Geneva said in a statement.

Beijing sought consultations with Brussels on the issue in July but it said their discussions "failed to lead to a satisfactory resolution of the matter."

A European Commission spokesman described Beijing's claim as "unfounded."

He said Brussels had "clear evidence" that Chinese fasteners were illegally dumped in Europe or sold for less than the normal cost in its home market.

The latest development marks an escalation in the dispute following a final European Commission decision in January to impose hefty tariffs on imports of some Chinese steel and iron fasteners, ranging from 26.5 percent to as high as 85 percent.

China is the world's biggest producer of screws, nuts, bolts and washers, while the European Union is its biggest market.

The EU imported 575 million euros (762 million dollars) worth of Chinese fasteners in 2007, according to the Jiaxing Association of Chinese Fastener Producers.

"The Chinese government is determined ... to safeguard the legitimate interests of Chinese industries and to build up a healthy trading environment," the Chinese mission statement said.

Lutz Guellner, the European Commission's spokesman for trade, said Brussels will "defend the measures in Geneva.

"We regret that China has today asked for a WTO panel on EU anti-dumping measures on fasteners. China's claim that the EU is not fulfilling its obligations under the WTO Agreements is unfounded," he said.

"The decision to impose measures was taken on the basis of clear evidence that dumping of Chinese products has taken place and that this dumping is harming otherwise competitive EU industry," Guellner added.

EU-China trade has exploded in recent years, making the EU the top destination for Chinese exports while China is Europe's biggest trade partner after the United States.

The growth in trade has also brought about several high-profile dispute cases.

Beijing's move on Monday came as the EU announced that it would extend by another 15 months penalty levies on Chinese and Vietnamese shoe imports.

Anti-dumping duties on footwear, essentially fines for exporting goods below production cost, were first applied in October 2006 and have so far cost manufacturers hundreds of millions of euros (dollars).

Other Chinese export sectors, including steel cables and industrial chemicals, have been similarly targeted.

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


China: 'Blind accusations' fueling US steel pipe tariffs
Beijing (AFP) Oct 11, 2009
Beijing has dismissed Washington's charges of steel pipe dumping and subsidies as "blind accusations", state media reported Sunday, as tensions mount ahead of President Barack Obama's visit next month. The commerce ministry repeated last month's warning that it strongly opposed US moves to start investigations into Chinese-made steel pipes, the official Xinhua news agency reported. Howev ... read more







The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement