On May 18th, China’s Ministry of Commerce website published three trade remedy cases initiated by the EU in China within one day, which triggered a strong reaction from the domestic market. The industry pointed out that the Sino-European mutual exchange of “double-reverse†tax has not been over, EU Once again, the trade dispute was provoked. The Sino-European trade war is getting worse and stronger, or it will have an impact on the export of abrasives. On May 14, the EU decided to impose high anti-dumping and countervailing duties on coated paper originating in China. It began to set off a trade protectionism stick to Chinese product paper. Subsequently, the Chinese Ministry of Commerce announced on the 16th the counter-attack on the anti-subsidy investigation of imported potato starch originating in the EU. Although the two cases involve a small amount, they undoubtedly have a typical demonstration effect on bilateral trade. Newman believes that this shows that the EU's trade remedy policy toward China is changing, that is, from single use of anti-dumping to more use of countervailing. The coated paper case is just a “testing waterâ€. As far as he knows, the EU is considering launching More countervailing investigations. In fact, since the 1990s, as the Chinese economy has gradually formed a threat to developed country markets, the EU has begun to reduce a series of trade preferential policies for China. On May 10, the EU import submitted by the European Commission. In the draft of the preferential countries, China and other emerging countries have been delisted, which means that Chinese products may not have a “GSPâ€. Before the developed countries recognize China's market economy status, China's products will usher in more anti-dumping and countervailing trade protectionism. In fact, behind the EU's series of trade wars, it is to obtain more favorable access conditions for the world's largest and fastest-growing economy. While curbing the excessive growth of economic growth in emerging economies, it has created a new round of competition with emerging economies. The new round of Sino-European trade war will have a certain impact on the foreign trade abrasives industry. From 2005 to 2006, the United States launched a wave of trade war against China. The diamond saw blades produced in China were subjected to anti-dumping final ruling, which increased the temporary anti-dumping duties on Chinese diamond saw blades at that time. In the past, the current Sino-European trade war has become more and more fierce. Whether it will affect the abrasives industry is still unknown. Despite frequent EU attacks on China, Ministry of Commerce spokesman Yao Jian said that China and the EU have close economic and trade relations and are each other's largest trading partners, accounting for about 10% of global trade. Therefore, trade disputes between China and Europe occur. Not surprisingly, it may even be a constant normality in some varieties, but the overall proportion will be very low, about 1% - 3%, which will be different every year. It is unlikely that a comprehensive trade war will break out between China and the European Union. Industry experts pointed out that although the possibility of a comprehensive trade war in Central Europe is not very likely, if it reaches the abrasives industry, we must calmly face it. Enterprises and enterprises should unite and actively report, and should also seek government and industry associations. s help.
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