A senior official from China Council for the Promotion of International Trade (CCPIT) said that CCPIT has handled global trade friction cases in a more innovative way and expanded commercial and legal services for Chinese and foreign enterprises.
Liu Chao, Deputy Director-General of CCPIT Department of Legal Affairs, told the media at a press conference on July 27 that CCPIT’s active measures in handling trade friction cases have effectively safeguarded interests of enterprises.
“In July 2016, Vietnam launched safeguard measures on Chinese-imported color-coated boards. In response, CCPIT organized Chinese export companies to set up a commission to control and distribute the export of Chinese-made color-coated boards instead of waiting passively for the measures from Vietnam. Undoubtedly, Chinese companies gained the initiatives to export their products to Vietnam, which has safeguarded their lawful interests,” said Liu Chao.
Furthermore, CCPIT has assisted small and medium-sized enterprises to deal with trade disputes, according to Liu. “Due to only a limited amount of money involved in the case, it is normally difficult for Chinese small and medium-sized enterprises to respond such complaints regarding trade protectionism. However, Chinese companies might suffer greater losses if they give up taking any steps. Guided by the Ministry of Commerce of China, CCPIT has taken effective measures to help Chinese export companies with the cases. For instance, New Zealand government announced on July 6 that Chinese galvanized steel coil has not had a dramatic impact on the country’s domestic industry. The dumping and subsidy were not actually happening. New Zealand will not take any measures. Chinese companies have won the case with the assistance of CCPIT,” added Liu.
Liu Chao added, more commercial and legal services have been provided for enterprises. First, CCPIT is actively pushing forward the establishment of bilateral commercial and legal cooperation committees. A committee of such kind between China and Malaysia, as well as between China and Indonesia, China and Myanmar were set up. China and South Korea will set up the committee in August. And some intentions have been made with Russia, Japan, the United Kingdom, Singapore and Bangladesh.
Second, researches on legal risks of countries along the “Belt and Road” route have been made. CCPIT is conducting the researches with regard to 64 countries along the route. Up to now, 8 have been completed and 57 initiated. “The result of the researches will be released on CCPIT official website once the final examinations are completed,” said Liu.
Last but not least, Liu Chao added that capacity building is another priority for CCPIT in serving Chinese enterprises. A legal training center and foreign-related legal talent pools with regard to China (Shaanxi) Free Trade Pilot Zone have been set up, which are dedicated to fostering legal talents to better handle trade disputes and friction.