China Concerned by GCC’s Anti-Dumping Probe Into Seamless Steel, Hopes it Will Stick to WTO Rules

China Concerned by GCC’s Anti-Dumping Probe Into Seamless Steel, Hopes it Will Stick to WTO Rules

Yicai Global

Date: Fri, 04/28/2017 - 17:12 / source:Yicai
China Concerned by GCC’s Anti-Dumping Probe Into Seamless Steel, Hopes it Will Stick to WTO Rules
China Concerned by GCC’s Anti-Dumping Probe Into Seamless Steel, Hopes it Will Stick to WTO Rules

(Yicai Global) April 28 -- China is concerned about anti-dumping investigations against exported seamless steel pipes by the Cooperation Council for the Arab States of the Gulf, the Ministry of Commerce said today.

Chinese industries and companies are also worried about the probes, said Wang Hejun, director of the commerce ministry’s Trade Remedy and Investigation Bureau.

The world economy is still going through changes, Wang added, saying that it lacks recovery power and international trade and investment are still down. All countries should jointly oppose trade protectionism and provide sustained momentum for global economic recovery. China has sound relations with Gulf countries, atop close economic and trade ties, and the world’s second largest economy hopes the Gulf Cooperation Council will handle the anti-dumping probes in a fair manner and in line with World Trade Organization provisions. China is willing to work with the GCC to resolve any trade friction by encouraging industry dialogue and cooperation, Wang said.

On April 25, the GCC’s Office of the Technical Secretariat, which is designed to combat harmful practices in international trade, decided to investigate China’s seamless steel pipe products for oil and gas exploration and transportation with an external radius of not more than 16 inches.

The council was set up in 1981 and is headquartered in Riyadh, Saudi Arabia. Its five other member states are the United Arab Emirates, Oman, Bahrain, Qatar and Kuwait.

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Keywords: Gulf Cooperation Council, steel, Trade