Don’t miss the latest developments in business and finance.

China urges India to follow WTO rules on anti-dumping probe

Image
IANS Beijing
Last Updated : Apr 18 2016 | 8:04 PM IST

China hopes India can strictly follow the World Trade Organisation (WTO) rules on its anti-dumping investigation into Chinese iron and steel exports on Monday.

An official with the commerce ministry said China always advocates prudent, restrained and lawful measures in employing trade remedy instruments, Xinhua reported.

Steel overcapacity is a worldwide problem which requires joint effort from all countries, the official said.

Trade protection measures could not solve the problem and will hinder normal international trade orders.

Since mid April, India has successively conducted anti-dumping investigations against Chinese steel imports including hot-rolled steel coils and stainless steel plates.

China always encourages its steel companies to tackle trade problems through cooperation with overseas competitors, the official said.

More From This Section

First Published: Apr 18 2016 | 7:50 PM IST

Next Story