The Committee to Support US Trade Laws (CSUSTL) has welcomed (and applauded) the determination issued by the US Department of Commerce (DOC) that China’s economy should continue to be properly treated as a non-market economy (NME) for the purposes of calculating anti-dumping margins.
The determination relates to a trade remedy case against China alleging dumping and subsidisation of aluminum foil exports to the United States.
“Commerce’s findings comport exactly with everything we know about the Chinese economy from ongoing study by USTR, DOC, international financial institutions, published research and just day-to-day observation of what lies behind most major economic decisions made by China,” said CSUSTL president Thomas M. Sneeringer.
“The DOC report finding that China continues to be an NME under the US statute is extremely well documented,” said Roger Schagrin, chairman of CSUSTL’s executive committee.
According to Schagrin, “It demonstrates beyond any doubt that the Government of China continues to orchestrate the Chinese economy. The results of the recent Party Congress show that China is more committed than ever to its state-owned enterprises in major industries. This is why it is important that the rest of the world adheres to market-based principles and takes the appropriate action necessary to prevent closures and bankruptcies of their own manufacturers in the face of this unfair competition by the Chinese government.”
Terence Stewart, a former CSUSTL president, noted, “We appreciate the thorough review that Commerce has undertaken on this important issue affecting US competitiveness. The extraordinary outpouring of factual information from the public on the continued substantial distortions that characterise the Chinese state strongly supports the conclusions reached by the Commerce Department based on its lengthy analysis.”
Stewart argued that US companies and their workers deserve an effective remedy to address market distortions. “Until China fully addresses the many distortions in its economic system, China cannot be treated as a market economy. Friday’s finding is critical to our market economy, ensuring tools exist to address the unfair trade practices of the world’s largest exporter,” he said.
CSUSTL is an organisation of companies, trade associations, labour unions, law firms, and individuals committed to preserving and enhancing US trade laws and supporting trade policies that benefit the United States-based productive economy. Its members span multiple sectors, including manufacturing, technology, agriculture, mining, energy, and services.