WTO to rule on China-EU dispute over antidumping
The World Trade Organisation decided Friday to rule on a dispute between China and the European Union over anti-dumping measures imposed by Brussels on imports of China-made screws and bolts.
"The panel was established," said a trade source after a meeting of WTO members, referring to the trade body's dispute settlement panel.
China had sought consultations with the EU on the issue in July but Beijing said their discussions "failed to lead to a satisfactory resolution of the matter."
During a meeting of the WTO's dispute settlement body on Friday, China called on the organisation to set up a panel of experts to rule on the case.
Its envoy also urged the EU to "promptly withdraw rules and measures inconsistent with the WTO and cease the disturbance to Sino-EC trade and impairment of China's interests."
The European Union agreed to WTO arbitration, as it had "no reason to be hopeful that a mutually agreed solution can still be found.”