GCTL8.com (FocusAsia Media Ltd)

WASHINGTON, Dec 7 (FAM) – China has called on the United States to ditch a surrogate country approach it uses to calculate anti-dumping measures against Chinese exports, as a related clause in China’s World Trade Organization (WTO) deal is set to expire on December 11, prompting China to demand countries abide by the agreement.

When China joined the WTO in 2001, it agreed to let WTO members treat it as a non-market economy when assessing dumping duties for 15 years. That gave trade partners the advantage of using a third country’s prices to gauge whether China was selling its goods below market value.