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US files WTO complaint against China's subsidies to aluminum producers
THE United States has filed a trade enforcement complaint in the World Trade Organization concerning China's continued subsidisation of its aluminum producers.
The Office of the US Trade Representative (USTR) said the Chinese subsidies have artificially expanded China's aluminum industry and output, resulting in a significant reduction in global aluminum prices, according to American Shipper.
"Artificially cheap loans from banks and low-priced inputs for Chinese aluminum are contributing to excess capacity and undercutting American workers and businesses," said outgoing US Trade Representative Michael Froman in a statement.
"The aluminum industry has flourished for more than a century, but today American smelters are being shuttered. Even though aluminum demand has increased in the United States, domestic production has plummeted," said Representative Mike Kelly, Repulican for Pennsylvania, a member of the caucus on Capitol Hill.
"With unfair subsidies and state-controlled banks, China has quadrupled its aluminum exports over the past decade, which has flooded the world market and depressed prices. We must hold China accountable."
"China's subsidies have done enormous damage to the US and global aluminum industries," said Michael Bless, president and chief executive officer of Century Aluminum, in a statement. "Following a series of closures due to Chinese overcapacity, Century operates three of only five remaining smelters in the United States.
"USTR's decision to challenge these unreasonable, illegal, and harmful subsidies is an important step towards a long-term solution for the global aluminum industry, and we are thankful for the administration's efforts on the industry's behalf," Mr Bless added.
The Office of the US Trade Representative (USTR) said the Chinese subsidies have artificially expanded China's aluminum industry and output, resulting in a significant reduction in global aluminum prices, according to American Shipper.
"Artificially cheap loans from banks and low-priced inputs for Chinese aluminum are contributing to excess capacity and undercutting American workers and businesses," said outgoing US Trade Representative Michael Froman in a statement.
"The aluminum industry has flourished for more than a century, but today American smelters are being shuttered. Even though aluminum demand has increased in the United States, domestic production has plummeted," said Representative Mike Kelly, Repulican for Pennsylvania, a member of the caucus on Capitol Hill.
"With unfair subsidies and state-controlled banks, China has quadrupled its aluminum exports over the past decade, which has flooded the world market and depressed prices. We must hold China accountable."
"China's subsidies have done enormous damage to the US and global aluminum industries," said Michael Bless, president and chief executive officer of Century Aluminum, in a statement. "Following a series of closures due to Chinese overcapacity, Century operates three of only five remaining smelters in the United States.
"USTR's decision to challenge these unreasonable, illegal, and harmful subsidies is an important step towards a long-term solution for the global aluminum industry, and we are thankful for the administration's efforts on the industry's behalf," Mr Bless added.
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