| Ministry of Commerce spokesman Yao Jian-25 on the | | | | Chinese exports to the U.S. oil pipe dual investigations |
| U.S. China OCTG countervailing final award decision | | | | in the subsidy investigation the Final result, ruled China |
| made a statement, he said: "The United States | | | | oil pipe manufacturers there from 10.36 to 15.78%, |
| continues to follow its countervailing preliminary ruling | | | | ranging from subsidized rate. |
| survey of discriminatory practices, the error | | | | US-China oil pipe dual sanctions countdown |
| determined the existence of subsidies and any | | | | U.S. Department of Commerce on the 24th to make |
| increased anti- subsidy rate, the Chinese side | | | | final ruling, a Chinese oil well pipes of subsidies on |
| expresses strong dissatisfaction and resolute against | | | | grounds stated will be related to product |
| it. " | | | | implementation from 10.36 to 15.78 percent |
| Yao Jian said the United States of discriminatory | | | | countervailing duty sanctions. The case involving |
| practices mainly: First, regardless of objective facts, | | | | about 27 billion U.S. dollars, is by far the US-China |
| the misconception that Chinese companies sourcing | | | | trade sanctions, the largest one case. |
| production of oil well pipes are used in all round | | | | By the U.S. rules, the U.S. International Trade |
| constitutes a subsidy. Second, disregard of China's | | | | Commission next year on January 7 on China's steel |
| market economy's tremendous achievements, | | | | is damaged and the U.S. domestic steel industry for |
| wrongly assuming that the Chinese Government, | | | | the final ruling. If the ruling against me, the Commerce |
| through the intervention round supply of market | | | | Department will order the U.S. Customs related |
| distortions in the round of market prices, refused the | | | | products immediately countervailing sanctions. |
| Chinese government and business put forward by | | | | Before this, the International Trade Commission, the |
| the domestic market price information, insisting on | | | | preliminary ruling had already found Chinese products |
| the use of other countries, market prices As a | | | | on the U.S. industry, harmful, many analysts believe |
| benchmark, artificially raising the so-called subsidy rate. | | | | that last sentence is only a matter of time. |
| Yao said the United States to subsidize the | | | | Statement under the U.S. Department of Commerce, |
| identification and calculation errors in practice, greatly | | | | the United States considered that the existence of |
| damaged the interests of China, the Chinese | | | | government subsidies for domestic oil pipes, affected |
| Government and industry are not acceptable. These | | | | by the substantial growth in product sales in the |
| wrong practices in other cases by the U.S. court ruled | | | | United States, therefore, the U.S. imposed |
| that as inappropriate, the Chinese side urges the U.S. | | | | countervailing sanctions decision. Among them, |
| side to face the objective facts, to take effective | | | | Zhejiang Jian Li Co., Ltd. is the U.S. required to pay |
| measures to correct the mistake. | | | | the countervailing duty rate was the highest 15.78%, |
| He also reiterated that the U.S. should abide by the | | | | followed by Wuxi Seamless Oil Special Pipe |
| G20 summit commitments and shortly before the | | | | Manufacturing Co., Ltd. and Jiangsu Chang Bao Steel |
| two leaders reached consensus, oppose trade | | | | Tube Co., Ltd., the rate was 14.61% and 11.98%. |
| protectionism and prevent abuse of trade remedy | | | | Tianjin Pipe Group is exposed to 10.36% rate, all |
| measures. | | | | other Chinese steel vendors require to pay 13.20% |
| U.S. Department of Commerce on November 24 that | | | | of tariffs. |