Trade remedy law

Author: Cai Chunlin
Publisher:
Publish Date: 2006-08-01
Features: Trade remedy refers to the measures taken by a government to mitigate or eliminate adverse effects on its domestic industries caused by foreign imports. After China's entry into the WTO, other WTO members' domestic industries have gained an additional trade remedy tool against imports of Chinese products, namely: Special Safeguard Measures. Trade friction is a normal part of the operation of the global economy. However, from the frequent use of trade remedy measures and the creation of trade friction by WTO members in their trade with China, it is evident that China has become the largest victim of global trade friction. The facts have proven that as China's foreign trade continues to grow rapidly and stably, trade remedy measures taken against Chinese enterprises will further increase in the future. Therefore, China must begin to adopt an active and proactive strategy.