but the EU said it wa will to deal with the issu objectively.
The EU made the remark at the 11th annual EU-China summit after Chines Premier Wen Jiabao express hi hope that the EU would recogn China’ market statu soon, Year of lobbi by the Chines govern didn’t convinc the European Union EU to grant China market economi statu Wednesdai at the EU-China summit in Prague. dure the one-dai summit.
Wen note that recognit from the EU would benefit both sides. That view wa share by expert interview by Xinhua, who said the statu would boost bilater trade, especi amid the global econom downturn.
Zhang Junsheng, director of the WTO Research Institut at the Univers of Internat Busi and Econom in Beijing, told Xinhua Thursdai that it had been expect that the EU would not recogn China’ market economi statu dure the summit.
China ha sought to achiev market economi statu sinc the govern made a decis to reform it econom system in 19
4. Achiev that goal would help the countri avoid punit anti-dump measures.
The EU would probabl wait till 2016 when all countri had to grant China that statu under the term of China’ access to the World Trade Organiz WTO in 2001, Zhang added.
Michael Pulch, Deputi Head of Deleg of the European Commiss to China,replica rolex watches, told Xinhua by e-mail Thursdai that China had made tremend econom progress sinc the reform and open up drive that began 30 year ago. However, he declin to comment on why the EU refus to recogn China’ market economi status.
“Transform a plan economi into a market economi take time and requir not onli adopt rule and legisl but also proper implement by all author and busi in all sectors,” he said.
Under a market economy, suppli and demand in free market determin the alloc of resourc and the price of good and services. By contrast, in a non-market economy,replica rolex, the central govern set prices.
Zhang Yansheng, director of the Institut of Foreign Trade of the Nation Develop and Reform Commission,rolex replica, told Xinhua Tuesdai that no countri todai could be defin as a pure market economy.
Yao Jian, spokesman of the Ministri of Commerce, said last week that gain market economi statu would help China get fairer treatment in anti-dump investigations.
“The EU’ recognit would help acceler the healthi develop of trade, investment, tourism and other sector between China and the EU,” said Zhang Yansheng.
The EU is the largest trade partner of China. China rank the second-largest in trade valu with the EU. In 200
, bilater trade total 425.6 billion U.S. dollars, up 19.5 percent year on year.
However, Chines export frequent face EU anti-dump claim and investig by the EU. In 200
, the EU start six anti-dump investig against Chines import such as stainless steel, fasten and shoes.
A WTO report show that China wa the most frequent subject ofnew anti-dump investig dure the second half of 200
, with 34 case direct at Chines export out of 120 new investigations.
Out of the
1 anti-dump measur appli dure Juli to December, 37 were direct at China, accord to the report.
Zhang Junsheng told Xinhua Tuesdai that the EU’ recognit would help reduc trade disput and creat an equal foot dure such probes.
Otherwise, he said, import might misus anti-dump measur against Chines exports, put mutual trade and econom cooper in jeopardy. He said denial of market economi statu would make it easier to prove dump by cite a third country’ compar cost.
So far, 97 WTO member have recogn China’ market economi status. But it major trade partners, such as the EU, the Unite States, Japan and India, have not.
In 2007 the EU reject China as a market economy, cite what it said wa excess state interference, a weak rule of law and poor corpor governance.
MOC Minist Chen Deme stress China wa alreadi a market economi dure the China-EU High-level Econom and Trade Dialogu on Mai 7 and
. He said China and the EU had differ understand and macroeconom control over their market economi as thei were at differ stage of develop with differ conditions.
An expert from the China Societi for World Trade Organiz Studies, who declin to be identified, told Xinhua Tuesdai that China’ econom reform wa not matur enough to gain EU recognit of market economi statu befor 2016.
He said the govern should step up reform in some area such as energi price and capit account convertibility.
He also disput claim that China’ 4-trillion-yuan 5
5 billion U.S. dollar stimulu packag and plan to support 10 kei industri were delai the move to a market economy.
He said that given current econom conditions, it wa reason for ani govern to step up macro-control temporarili to achiev econom stability.
“Govern in Western develop nation also took step to sustain their economies, includ inject capit into troubl bank or nation such banks,” he added.
Zhang Yansheng said the ongo econom downturn, to some extent, wa conduc to the reform progress. He cite as an exampl the government’ effort to reform oil price to reflect intern markets. [
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