Monday, March 9, 2009

Argentina! Don't make China angry now...

China urges Argentina to lift import restrictions on Chinese goods

BUENOS AIRES, March 8 (Xinhua) -- Chinese business circles are deeply worried about the protectionist measures against Chinese products that the Argentine government has taken, a senior diplomat at the Chinese Embassy said in an interview published in La Nacion newspaper Sunday.

"These import measures are discriminatory," said Yang Shidi, economic and commercial counselor of the Chinese Embassy in Argentina.

The measures that Argentina has adopted since 2008 have affected many Chinese products and run contrary to the memorandum of understanding signed by China and Argentina in 2004, in which the Argentine side recognized China's market economy status, Yang said.

Argentina calculated the dumping margin for the Chinese products on the basis of the prices of a third country, he said.

"It is not fair," because the costs of raw materials and manpower as well as productivity in China are different from those of other countries, Yang said.

Click here to access this full article from Xinhua News Agency