(Yicai Global) Feb. 15 -- China's Ministry of Commerce (MOFCOM) and the European Commission (EC) issued a disclosure statement on the anti-subsidy investigation of Chinese hot-rolled plate products on Feb. 13, in which the EC outed its decision to not take provisional anti-subsidy measures against Chinese hot-rolled plate products.
The EC conducted an anti-subsidy investigation of Chinese hot-rolled plate on May 13 last year, and must decide whether to implement provisional anti-subsidy duties within nine months and 'final' five-year duties within 13 months. The EC also conducted a separate anti-dumping investigation of Chinese hot-rolled plate on Feb. 13 last year.
After the EC announced its investigation, the official in charge of MOFCOM's trade remedy and investigation bureau said that China was concerned by the EU's frequent trade remedy investigations of steel products. China noted all relevant EC anti-dumping and anti-subsidy investigations predicated the harm Chinese products inflict on and the threat they pose to EU industries as the grounds for filing. Although World Trade Organization (WTO) members have the right to conduct trade remedy investigations, each member must strictly abide by applicable WTO rules and fully protect parties' legitimate rights and interests. China hopes the EU will correct the violations it committed in previous cases when it countered WTO rules and EU law, and objectively and impartially pursue its investigation per law, and prudently resort to trade remedies while exercising restraint.