Presidency of People Republic of China : Premier urges EU to drop Surrogate Country approach on schedule

ULAN BATOR – Premier Li Keqiang on July 16 called on the European Union to fulfill its obligation to drop the Surrogate Country approach used in its anti-dumping measures against Chinese exports.China hopes the EU would act in accordance with Article 15 of the Protocol on the Accession of China to the World Trade Organization (WTO), Premier Li said while meeting with German Chancellor Angela Merkel on the sidelines of the 11th Asia-Europe Meeting (ASEM) Summit on July 16 in Ulan Bator.‘China and the EU are each other’s major trade partners. Article 15 is a matter of confidence for firms and the market in the rule of law, international rules and the China-EU trade relations,’ he said.‘It is hoped that the German side could help solve the issue in an active manner,’ Premier Li said.In accordance with Article 15 of the accession protocol signed when China joined the WTO in 2001, the Surrogate Country approach expires on December 11, 2016.There are voices in Europe, however, that China has yet to meet the standard set by the EU for market economy status, and that the EU should continue with its use of a non-standard approach in anti-dumping investigations against China.On China-Germany ties, Premier Li said, China is willing to work together with Germany to ensure the implementation of the agreements reached last month between the two nations in the fourth round of intergovernmental consultation.China stands ready to enhance coordination with Germany over international and regional affairs, and jointly push forward bilateral ties and cooperation, the Premier said.On the shocking attack in Nice, France and the British exit from the EU, which dealt a blow to global financial stability, Premier Li said that these issues indicated that the Eurasia continent is faced with quite a few problems and challenges.The Presidency of the People’s Republic of China published this content on 16 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 July 2016 10:33:03 UTC.
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