(Source: "First Financial Daily" 2024-12-29)
Recently, the Ministry of Commerce launched a survey on imported w88 casino games login.
A spokesperson of the Ministry of Commerce stated that recently, the China Animal Husbandry Association, together with nine major production area associations, submitted an application for investigation measures to the investigation agency, believing that the number of Chinese w88 casino games login imports has increased sharply in recent years, which has had a significant adverse impact on the domestic industry.
A spokesperson for the Ministry of Commerce said that the evidence submitted by the applicant showed that China's w88 casino games login imports increased by 65% between 2019 and 2023, and the number of imports in the first half of 2024 reached more than double that in the first half of 2019. Under the impact of imported products, domestic industries have suffered serious damage.
A spokesperson for the w88 casino games login of Commerce said that in accordance with Chinese laws and complying with the World Trade Organization (WTO) rules, when the number of imported products increases and causes serious damage or serious damage to domestic industries that produce similar products or directly compete products, the investigative authority may initiate a safeguard investigation on the application of domestic industries to safeguard the legitimate rights and interests of domestic industries.
Li Siqi, associate professor at the China World Trade Organization Research Institute of the University of International Business and Economics, told the First Financial reporter that in the WTO law, safeguards are one of the trade relief measures that WTO members can take.
She explained that WTO members can initiate safeguards when the number of imports has increased sharply and caused serious damage or threats to related domestic industries. The purpose is to protect domestic industries from damage caused by the surge in imports and help domestic industries adjust during the implementation period. Therefore, safeguards are also known as "safety valve".
Investigation on the Ministry of Commerce’s safeguard measures for imported w88 casino games login (Source: First Financial Daily)
Investigation Procedure
Information of the w88 casino games login of Commerce shows that based on the evidence provided by the applicant and the preliminary review by the w88 casino games login of Commerce, the applicant complies with Articles 3 and 10 of the "Regulations on the Guarantee Measures of the People's Republic of China" regarding the investigation of domestic industries for safeguard measures.
The application claims that the number of imported products applied for investigation increased sharply from 2019 to the first half of 2024. The increase was 64.93% in 2023 compared with 2019, and 106.28% in the first half of 2024 compared with the first half of 2019.
Applicants also claim that the sharp increase in the number of imported products applied for investigation has an impact on China's domestic industries, and China's domestic industries have been seriously damaged, and there is a causal relationship between the increase in the number of imported products applied for investigation and the serious damage to China's domestic industries.
After review, the w88 casino games login of Commerce believes that the application contains the content and relevant evidence required for the investigation and filing of statutory safeguards.
It is reported that the investigation period determined by this investigation is from January 1, 2019 to June 30, 2024. Specifically, the product under investigation was w88 casino games login (Meat of bovine animals), that is, w88 casino games login products that were slaughtered and processed by live cattle (Cow), including fresh, cold or frozen whole and half w88 casino games login, bone-w88 casino games login and boneless w88 casino games login.
According to Article 12 of the "Regulations on the Guarantee Measures of the People's Republic of China", the w88 casino games login of Commerce may use questionnaires, hearings and other methods to understand the situation from interested parties and conduct investigations.
Stakeholders may apply to the w88 casino games login of Commerce to hold a hearing, and may inquire about the hearing information on the sub-website of the Trade Relief Investigation Bureau of the w88 casino games login of Commerce website.
When the w88 casino games login of Commerce conducts an investigation, the interested parties shall truthfully report the situation and provide relevant information. The information provided by the interested party shall be standardized Chinese, and non-Chinese materials shall be submitted to the Chinese translation and original text, and the Chinese translation shall prevail.
This investigation starts on December 27, 2024, and usually ends within 8 months. It can be appropriately extended in special circumstances.
Do not distinguish between the source of the product, and does not affect normal trade during the investigation
A spokesperson for the w88 casino games login of Commerce said that it should be emphasized that the investigation of safeguards does not target specific countries and regions, does not distinguish between the source of products, and does not affect normal trade during the investigation. The investigative authority will conduct an investigation in accordance with the law, fully protect the rights of all interested parties, and make objective and fair decisions based on the investigation results.
Li Siqi told the First Financial reporter that my country's investigation into the security measures for imported w88 casino games login is compliant and reasonable. "Under the impact of imported w88 casino games login products, relevant industries in my country have suffered serious damage. According to Article 3 of the "Regulations on the Guarantee Measures of the People's Republic of China", the Ministry of Commerce decided to investigate imported w88 casino games login for safeguard measures, which is in line with my country's legal provisions and WTO rules, and also in line with the actual needs of my country's industries." Li Siqi said.
Simply put, safeguards are one of the three trade relief measures allowed by the WTO.
Trade relief measures refer to a temporary trade restriction measure that countries can implement when the import of a certain product in a country increases too quickly and cause damage to domestic industries.
The difference between safeguard measures and anti-dumping and anti-subsidy is that they target imports from all countries, not from specific enterprises or specific countries; the increase in imports targeted by safeguard measures is not caused by unfair competition, not because enterprises or governments of the other country have done things that violate WTO rules or violate fair trade, but because the surge in imports caused by unpredictable market conditions has caused damage or adverse effects on domestic industries. At this time, the importer can take temporary trade restrictions to reduce imports and win the opportunity for adjustment for domestic industries. After a period of time, the temporary trade restrictions will be lifted.
Li Siqi also told the First Financial reporter that it is common to initiate international safeguards investigations. According to WTO statistics, from 1995 to June 30, 2024, a total of 55 WTO members launched 431 safeguard measures surveys.
According to the data in the "w88 casino games login Safeguard Measures Survey Application" seen by the reporter, taking the w88 casino games login import statistics in the first half of 2023 as an example, Brazil accounts for 43% of the total w88 casino games login imported by China, Argentina accounts for 19.25%, Uruguay accounts for 10.03%, Australia accounts for 8.27%, New Zealand accounts for 7.53% and the United States accounts for 5.70%. The combined share of the above six countries is 93.78%.
Source: "Application for Investigation of w88 casino games login Safeguard Measures"
Brazil w88 casino games login Exporters Association President Roberto Perosa said that even with tariffs raised, Brazilian producers can remain competitive. The association will also work hard to open up new markets for Brazilian w88 casino games login, hoping to diversify exports in the long term.
Brazil's Ministry of Agriculture, Trade and Foreign Affairs said in a joint statement that Brazil will work to prove that its w88 casino games login exports will not cause any kind of damage to the Chinese industry, but are only a supplement to local production.
The American Meat Export Federation said it is aware of the investigation and will pay attention to its progress.
Miguel Schiariti, head of Ciccra, Argentina's w88 casino games login industry organization, said that Argentina is a much smaller exporter and is unlikely to be a target for any potential tariffs in China.
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