[notice] the "2019 (Ninth) Regenerative lead Battery Industry Summit" hosted by), SMM this Thursday and Friday (August 22-23) will be solemnly held at the Glen Yuntian International Hotel in Nanchang, Jiangxi Province. At that time, domestic recycled lead enterprises will gather to discuss the ways of enterprise management and exchange their respective characteristic products and supply and demand information. Industry experts and senior tycoons will analyze the current situation of the industry and the challenges and opportunities of the future industry. "Click for more
SMM News: on August 15, the WTO World Trade Organization agreed to China's request to set up a trade dispute panel to determine whether the US tariff policy on photovoltaic modules violates international trade rules. Previously, the WTO ruled that the United States had violated the rules against China, and if a panel on Sino-US photovoltaic trade disputes could be set up, the Chinese side had every reason to demand a claim for losses caused to the Chinese side by the United States as a result of photovoltaic activities against China, and so on.
1. The Origin of the Establishment of Trade dispute Panel
The decision of the WTO to establish a dispute settlement panel is an automatic procedural measure taken in response to China's second request for arbitration. In 2018, President Trump (Donald Trump) 's administration began imposing trade restrictions as part of a series of trade measures launched by Washington that triggered a tit-for-tat tariff war between the world's two largest economies. China filed its first complaint with the WTO in August 2018 about tariffs on solar panels, saying the so-called US "safeguards" were an illegal attempt to protect US producers from foreign competition.
The establishment of a trade dispute panel at this time coincided with the WTO's ruling that the United States had violated the rules, and it was also a time of escalating tensions in the trade war between China and the United States.
two。 The United States does whatever it takes to obstruct the establishment of a panel on trade disputes
At the most recent WTO dispute settlement meeting in Geneva, Mexico, on behalf of 66 WTO members, once again requested that "the selection process for members of the WTO Appellate body be opened as soon as possible" to fill the current vacancy of three judges, and that the list of candidates be submitted within 30 days and the selection board recommendation process be initiated within 60 days.
However, the US rejected the proposal again, saying that the WTO dispute settlement mechanism had not resolved many of the issues raised by the US before, so the US could not change its position.
The United States has blocked nominations for new members of the dispute settlement body appeals panel, which could lead to stagnation of the system by the end of the year and could affect several cases involving the United States, including trade disputes over photovoltaic modules. Because without a functioning appeals department, international trade disputes could linger at the legal level for several years until there is a solution that allows WTO courts to resume work.
3. What used to be a tool, now it's always said that WTO is unfair to beauty.
During the 2016 US election, Trump publicly said that "WTO is a complete disaster." Last week, Trump threatened to withdraw the United States from WTO if the situation does not improve. In particular, he criticized the conditions imposed on China's accession to the WTO, including its status as a developing country, which Washington believes will help protect China from the censorship it deserves as a major economic power.
The US side feels that the WTO is unfair to the United States, on the one hand, because the United States does not have a veto right of the United States in the WTO, and the United States increasingly loses its control and right to speak over the WTO; on the other hand, the WTO has continuously ruled that the US side has violated the rules in Sino-US trade disputes, and the process is as follows:
1. In 2012 and before, the United States launched a double reaction against China, including silicon photovoltaic, and China launched the WTO dispute settlement procedure, demanding that the United States violate the rules;
2. In 2014, the WTO found that the United States violated the rules and asked it to correct them, while the United States refused to obey and enforce the WTO ruling;
3. In 2016, China sued the United States in the WTO for failing to implement the WTO ruling and was still violating the rules.
4. In 2018, the WTO continued to determine that there were still violations in the United States and asked them to correct them.
5. But the United States is still dissatisfied, and in the same year filed an appeal;
6. Therefore, on July 16, 2019, the WTO made a final ruling, which should be regarded as an appeal from the United States, which concluded that the "countervailing investigation" of the United States against Chinese-related products was a violation of the regulations of the WTO, and once again demanded that the United States enforce the ruling.
7. Of course, the ruling also angered the US government. In a statement, (USTR), the office of the United States Trade Representative, accused WTO's ruling of violating WTO rules, claiming that WTO's ruling hurt the interests of American workers and businesses, distorted global markets, and so on.
Looking back on the above process, reminiscent of the whole process of the Sino-US trade war (double villain, 201, 301, and so on), we can clearly reveal the various words and deeds of the United States in playing scoundrels: that is, simple two words, cheating-the ruling is good for me, I will implement it, and against me, I will not implement it.
Some media believe that Trump has threatened to quit WTO more than 100 times.
4. China can use WTO rules to claim double reverse losses from the United States
According to the public materials of the WTO mechanism and the rules of the WTO, other members who have been violated by members who violate the WTO rules can indeed apply to the WTO for permission to "fight back." This is called the "suspension of concessions" measure (Suspend Concessions or Other Obligations) in WTO rule terminology.
That is to say, after the WTO has made this ruling against the United States, the Chinese side can, in accordance with the rules of the WTO, carry out "counterattack" or "sanctions" against the United States, which repeatedly fails to implement the WTO ruling and continues to use practices that violate the WTO rules to harm China's interests. He Weiwen, a senior researcher at the globalization think tank, believes that our sanctions can be imposed on us on the basis of the losses caused by US measures, so if the US side does not correct them, then the WTO authorizes us to take retaliatory measures.
Of course, the United States will definitely brush the scoundrel to the end. In order for the United States to admit its mistakes and compensate for its losses, it must first win the trade war, and then make the United States feel that the consequences of being opposed to sanctions outweigh compensation for losses. In short, Chinese photovoltaic companies are likely to ask the United States to claim damages caused by double opposition in the future, although it may be difficult to confirm the extent of the losses.
"Click to learn more and sign up for the 2019 (9th) Regenerative lead Battery Industry Summit"
Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business