(Yicai Global) March 29 -- Chinese and American aluminum producers complement one another, Wang Hejun, head of China's commerce ministry's Trade Remedy and Investigation Bureau, said on the anti-dumping and countervailing investigations the US launched into imported Chinese foil.
He believes American producers stopped making low-end aluminum foil 20 years ago to focus on creating high-end products, so Chinese exports cannot be blamed for the decline in US aluminum production.
Published on the Ministry of Commerce's website today, Wang's statement says the Chinese government thinks unjustified use of trade remedy measures will not only damage the interests of China's exporters, but will undermine the competitiveness of American firms in downstream markets. It will also lead to job cuts and jeopardize the interests of US consumers, he added.
China urges America to conduct its investigations per World Trade Organization rules, comply with WTO experts' decisions and protect Chinese respondents' right to a fair defense, Wang added. He hopes both countries work together to open up a dialogue between both countries' producers and solve trade disputes through consultation so the firms can develop together.
The US Department of Commerce said in Washington yesterday it had decided to initiate anti-dumping and countervailing investigations into aluminum foil imported from China. The American government had previously lodged a complaint with the WTO, claiming the country contributed to overcapacity in the US aluminum industry.
The American Aluminum Association made the request to levy the duty, alleging that some Chinese producers dumped products onto the US market and received countervailable government subsidies, media reported on March 10. The association estimated the dumping margin to be between 38 percent and 134 percent, according to its website.