(Yicai Global) Nov. 14 -- The US Department of Commerce has confirmed its final decision of its anti-dumping and anti-subsidy investigations on Chinese plywood products. In response, Wang Hejun, director of the trade remedy and investigation bureau at China's Ministry of Commerce (MOFCOM), said that unreasonable practices in the US and the ruling will seriously hinder the export of Chinese plywood to the country United States and damage the interests of Chinese enterprises.
The final ruling states that the dumping margin of Chinese enterprises was 183.36 percent and the countervailing subsidy margin was from 22.98 percent to 194.90 percent, the US Department of Commerce said yesterday.
US regulators ignored World Trade Organization (WTO) obligations and commitments and continued to apply the discriminatory "surrogate country" approach during the probe.
It refused to consider the large amount of evidence submitted by enterprises, largely distorted the actual production flow of the enterprises, and unreasonably made a large increase on the dumping margin against Chinese enterprises in the final ruling.
In countervailing investigations, the US ignored relevant rules and rulings of the WTO and artificially constructed such subsidy programs for providing raw materials at a low price and export buyer's credit, and ruled higher countervailing subsidy margins, Wang said.
The two respective heads of state of both countries reached a broad consensus during Trump’s visit on the economic and trade cooperation between the nations that will continue to produce mutual benefits.
China hopes the US will earnestly implement the consensus reached by the heads of state of the two countries, to conduct fair and just investigations according to WTO rules, and properly control differences through dialogue and consultation, Wang stressed.Keywords: US, Plywood