ERJ staff report (DS)
Beijing -- China China's Rubber Industry Association (CRIA) has expressed disappointment in the WTO's ruling that US tariffs against Chinese tyres are lega, saying the WTO is not upholding the principle of fair competition in international trade. As a response, the CRIA expects to improve the technological level of tyres and to see consolidation among domestic manufacturers.
Following the imposition of tariffs in 2010, China's exports of tyres to the US fell by 23.6 percent (2010 compared to 2009). Meanwhile US imports of tyres from other countries jumped by 20.2 percent.
The CRIA said the imports of Chinese tyres to the US were mostly low-value low grade products not made in the US. The CRIA said it will upgrade the products to lower-profile series; and to improve the technological level of tyres made in China. In addition, the Chinese government expects consolidation of the domestic tyre industry, with two or three tyre makers each with annual turnover in the range of $4000 million, placing them in the global top ten
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Statement from CRIA (Chinese language)
Above statement auto-translated from Chinese