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Home > News > Market Flash > Ministry of Commerce: Negative List of New Market Access will be published

Ministry of Commerce: Negative List of New Market Access will be published

ECHEMI 2019-09-03

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Gao Feng, a spokesman for the Ministry of Commerce, said yesterday that the National Development and Reform Commission and the Ministry of Commerce are further reducing the negative list of market access applicable to domestic and foreign enterprises in accordance with the requirements of this year's government work report, and promoting the universal implementation of "non-prohibited access".

"We have conducted relevant research and held relevant departments and local symposiums. At present, the revision of the list is being urgently promoted. We will reduce the list items and establish a dynamic inventory adjustment system in accordance with the principle of "accurate location, legal and effective, unified norms, short or short" and will publish it in the near future. Peak sign. Earlier, the United States officially announced that it would impose a 10% tariff on about $300 billion of imports from China. The Sino-US economic and trade team has maintained communication.

Peak said that although the United States will postpone the imposition of tariffs on some commodities, any new tariff measures by the United States will unilaterally lead to the escalation of trade frictions, which seriously violates the consensus reached at the meeting between the two heads of state in Osaka, China firmly opposes it. If the United States persists, China will have to take counter-measures accordingly. The peak pointed out that the new tariff measures would harm the interests of China, the interests of the United States itself, and may also have a recessionary impact on the global economy. He said that in the two lists released by the United States, nearly 60% of the total amount of goods imported by the United States from China account for more than 75% of the total. "If the U.S. side persists, it will bring serious negative effects to American enterprises and consumers. An analysis by American financial institutions predicts that the average American family will pay $1,000 a year for tariffs. At the same time, the delayed imposition of tariffs on some commodities by the United States fully shows that there are no winners in the trade war and that trade frictions are escalating and that American consumers and enterprises will suffer heavy losses. Gao Feng said that he hoped that the US side would stop the wrong practice of imposing tariffs, go hand in hand with China and find a solution to the problem on the basis of equality and mutual respect. This is beneficial not only to China and the United States, but also to the whole world. At the peak, he said that the U.S. measures will bring some challenges to China's export and economy, but overall, the impact is completely controllable. China is confident, determined and capable of meeting various challenges and maintaining the healthy and stable development of China's economy and foreign trade.

On the evening of August 13, the leaders of the high-level economic and trade consultation between China and the United States called, and the two sides agreed to call again within the next two weeks. "The economic and trade teams of both sides have been maintaining communication." Gao Feng said.

According to Xinhua News Agency, in response to the recent WTO ruling on US anti-subsidy measures, Peak said that the effective ruling once again showed that the US side violated WTO rules and abused trade relief measures. Urges the US side to take immediate action to correct the wrong practices in the anti-subsidy investigation in China.

The WTO Dispute Settlement Body (DSB) passed the Appellate Body Report and the Expert Group Report on China v. the United States on the Implementation of Countervailing Measures on 15 August, ruling that 11 U.S. countervailing measures were in violation of WTO rules. The peak said that the effective ruling once again showed that the United States violated WTO rules and abused trade remedies, which seriously undermined the fairness and fairness of the international trading environment and the stability of the multilateral trading system.

Gaofeng said that the US countervailing measures involved in the case have been repeatedly ruled by WTO to violate WTO rules. China urges the US side to stop looking for any excuses and take immediate action to correct the wrong practices in the anti-subsidy investigation in China.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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