China calls US repeat abuser of world trade rules

Above, workers at a steel mill of Dongbei Special Steel in Dalian, Liaoning province. US President Donald Trump earlier announced hefty tariffs on steel and aluminum imports, aimed at hitting Chinese overproduction. (Reuters)
Updated 22 March 2018
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China calls US repeat abuser of world trade rules

SHANGHAI: China accused the US of “repeatedly abusing” international trade rules, as Beijing braced on Thursday for an imminent announcement from President Donald Trump slapping more tariffs on Chinese imports.
A World Trade Organization ruling against Obama-era anti-subsidy tariffs on Wednesday handed China’s commerce ministry ammunition to criticize Washington’s conduct in trade affairs.
The ruling “proves that the US side has violated WTO rules, repeatedly abused trade remedy measures, which has seriously damaged the fair and just nature of the international trade environment and weakened the stability of the multilateral trading system,” the ministry said.
There are growing fears that the world’s two largest economies could be sliding toward a trade war as Trump seeks to fulfill election campaign promises to get tough with China over its huge surplus with the US.
Trump is expected to announce by Friday tariffs on Chinese imports worth up to $60 billion, and Beijing, according to the Wall Street Journal, has prepared retaliatory measures.
In the statement posted on its website late on Wednesday, the commerce ministry urged the US to provide Chinese companies with a “fair and stable international trade environment.”
The WTO ruled the US had not fully complied with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products. However, it also supported the US claim that Chinese exporters were getting subsidies from “public bodies,” despite Beijing’s assertions to the contrary.
China went to the WTO in 2012 to challenge US anti-subsidy tariffs on Chinese exports including solar panels, wind turbines, steel cylinders and aluminum extrusions.
The tariffs that Trump is expected to announce will aim at curbing theft of US technology by China.
US Trade Representative Robert Lighthizer said on Wednesday they would target China’s high technology sector and there could also be restrictions on Chinese investments in the US. Other sectors like apparel could also be hit.
An editorial in the state-run China Daily newspaper said the world should stand together to prevent a trade war, warning that China would not be the Trump administration’s only target.
“Since the US seems unlikely to mend its ways, other countries should stop hoping they will be spared its protectionist shots and become more resolute in standing firm against them,” the newspaper said.
“History shows the pinpricks of protectionism can ultimately lead to the shots of war somewhere down the line.”
The Wall Street Journal reported on Wednesday that China was preparing to hit back with tariffs aimed at Trump’s support base, including levies targeting US agricultural exports, citing unnamed people familiar with the matter.
Analysts said US companies like Boeing Co, which sell billions of dollars’ worth of planes to Chinese airlines, as well as deals which require Chinese approval could also become caught in the cross fire should a trade war break out.
Boeing this week announced a $3.6 billion order from China Southern Airlines Co.’s subsidiary Xiamen Airlines. Chip giant Qualcomm is still waiting for Chinese approval of its proposed $44 billion acquisition of NXP Semiconductors.
US electric carmaker Tesla Inc. is in long-running talks with Shanghai authorities to build a local manufacturing plant in the city, while Chinese state media have called for measures against US soybean imports to China.
“China has a lot of options on the table with respect to potential retaliation,” said William Marshall, a Hong Kong-based lawyer who advises both US and Chinese clients on investments and disputes.
“Day to day business could become more difficult.”


Egypt’s aviation ministry to increase departure fee for travelers in November: Reports 

Updated 19 March 2019
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Egypt’s aviation ministry to increase departure fee for travelers in November: Reports 

  • Media said the increase to the passenger departure fee will raise the amount to $25

CAIRO: Egypt’s Ministry of Civil Aviation has reportedly announced a $5 increase in the travelers’ departure fee starting from next November, local newspapers reported on Tuesday.

Media said the increase to the passenger departure fee will raise the amount to $25, to be obtained indirectly for each passenger flying on regular or charter flights — both internationally and domestically — from Egyptian airports. 

The rate has not changed since 2013, the ministry said in a statement quoted by Al-Ahram Newspaper

The proposed increase was adopted by the Supreme Council for Pricing after "careful consideration" and according to normal practice in airports worldwide, it added.  

The ministry said the increase is in line with the challenges and demands needed for the development of the entire service system at Egyptian airports.