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How Did the Wto Act

  • Date Submitted: 03/03/2013 04:50 AM
  • Flesch-Kincaid Score: 52.6 
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How did the WTO act?

1) The WTO initially ruled in favor of the American companies in June. China appealed, but the appellate panel agreed with most terms of the initial decision. Chinese officials had no immediate comment on the new ruling.

2)As we can see China imposed the tariffs in response to the “Buy America” provisions of the US fiscal stimulus of 2009 and to similar state-level laws, which restricted bidding on iron and steel contracts to producers from the US or other countries.

3)Beijing defended that they used these rules to favour domestic producers. It constituted a subsidy to US steel exports. But the WTO panel agreed with the US that China had failed to show why and by how much “Buy America” had harmed Chinese steelmakers.

4)The World trade organisation rejected China's arguments, ruling that the dispute panel did not disregard "the role that the increase in the volume of subject imports played in (China's commerce ministry's) price effects finding," it said. Instead, the appellate body "upheld the panel's finding that China acted inconsistently" with anti-dumping rules.

5)The WTO disagreed with China's claims that the three-person panel of adjudicators who judged the case then had misinterpreted the WTO rules.
The decision of the original panel, which was chaired by New Zealand WTO Ambassador John Adank, received one of the most ringing endorsements by the appellate body in recent years.

6)The World Trade Organisation (WTO) upheld its decision that China's tariffs on imports of certain US steel products were illegal.

7)Beijing had imposed duties on a particular kind of US steel, alleging that its makers were being given subsidies by the US government.

8)The WTO ruled against the tariffs in June, a decision it upheld saying that China had failed to prove its charges.

9)The case is the latest in a series of trade conflicts between the countries and marked another use of WTO to prevent trade tensions escalating into a war of...

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