China accused India of “abusing” trade remedy measures

Vastavam web:  China today accused India of “abusing” trade remedy measures and called for settling trade disputes through consultation. Reacting to India’s move to launch an anti-dumping investigation over photovoltaic cells and units imported from the China, Taiwan, and Malaysia, Wang Hejun, head of the Ministry of Commerce’s (MOC) trade remedy and investigation bureau, said China is paying close attention to the investigation and hopes India will conduct it in a prudent manner and as per relevant rules.Wang’s comments come ahead of Commerce Minister Nirmala Sitharaman’s visit to Shanghai to take part in the BRICS trade ministers meeting to be held from August 1-2 to discuss expanding e-commercecooperation.

Wang said adopting restrictive measures for the trade of photovoltaic products would not only harm photovoltaic sector development in India, but also dampen the sector’s long-term development worldwide as well as economic and trade cooperation between China and India.ndia’s photovoltaic market has witnessed fast expansion, with its photovoltaic power generating capacity growing 3.7 times over the past three years, which has also benefited from China’s photovoltaic products with reasonable prices and high quality, Wang said ahead of the BRICS meet aimed at expanding e-commerce cooperation.

E-commerce cooperation, such as in the areas of logistics and payments, is developing fast among the five countries, with many of their products gaining traction on the Chinese market, according to Zhang Shaogang, director with the Department of International Trade and Economic Affairs with the MOC. China imported products worth over USD 70.16 billion from BRICS countries in the first half of 2017, up 33.6 per cent year on year, MOC data showed. The Xinhua report, however, did not provide details of China’s exports to BRICS countries