China has asked the World Trade Organization to set up a panel of experts to deal with long-running disputes over U.S anti-dumping measures against warmwater shrimp and diamond saw blades, China's Ministry of Commerce said Friday.

The U.S. practice of "zeroing" in the two anti-dumping cases violates WTO rules and damages the legitimate rights of the companies involved, the ministry said in a statement on its website.

"China opposes the abusive use of trade remedy measures, and hopes this case can be quickly settled under the WTO dispute resolution mechanism," the head of the ministry's Department of Treaty and Law said in the statement.

Zeroing involves calculating penalties by considering imports priced lower than in their domestic markets, but excluding those priced above.

The practice has long been a point of contention between the U.S. and its trading partners. The European Union, Japan and other countries have successfully challenged the practice through the WTO.

October 15, 2011

Source: chinausfocus.com

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