COSCO chief executive Wei Jiafu has called on the US government to remove the 35 per cent tariff on Chinese light truck tyre imports because it is "not a sensible way to resolve trade disputes."
Speaking at the recent National Press Club in Washington, DC, Capt Wei said China is not interested in dumping tyres on the US market and gained market share "fairly" because of the quality and low price of its tyres.
He added that the tariff is a form of protectionism that eventually will hurt American consumers. The US government, reported American Shipper, imposed the tariff to curb losses in "the domestic tyre manufacturing sector that coincided with a tripling of low-cost Chinese imports since 2004.
In his capacity as chairman of the China Association of Trade in Services (CATIS), which has sent a delegation to visit several cities in the US to promote Sino-US service trade, Capt Wei called for CATIS and counterpart organisations in the US to work together to remove trade barriers to enable service companies to operate freely in other countries and support a "fair, transparent and non-discriminatory multilateral trading system," he said.
With regard to the state of the world economy, Capt Wei is said to have expressed confidence that the global recession had hit bottom and the world economy is beginning to recover "thanks to emergency government spending in China, the United States and Europe," the report said.
Source : HKSG, 30.10.09.
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