United States Department of Commerce denied the RMB exchange rate policy launched anti-subsidy investigation

United States Department of Commerce 31, refused to Chinese Renminbi exchange rate policy constitutes unfair subsidies investigations.

United States Department of Commerce said in a statement, the United States domestic manufacturers in the US-aluminum profile and coated paper in two countervailing cases alleging the Renminbi exchange rate policies constitute unfair subsidy requirements of Commerce launched anti-subsidy investigation. But the Department of Commerce in the case of related legal claim and evidence and initiated anti-subsidy investigation of legal standards to assess carefully considered, these allegations do not meet initiated anti-subsidy investigation of legal requirements.

United States Department of Commerce for import transactions of senior officials Ronald · Lorenzen explained that the United States domestic manufacturers failed to prove that China's exchange rate so that the survey-specific business or industry, and thus failed to meet the expanding relevant countervailing investigations of statutory requirements.

United States Department of Commerce, however, also made a preliminary ruling on the same day, China us-aluminium profiles exist acts of unfair subsidies, subsidies range 6.18 to 137.65 per cent. According to the United States program, in addition to the Department of Commerce, trade relief case also need another trade management bodies of the International Trade Commission ruling. Under the current schedule, Department of Commerce will be held in November this year to finalize the case. If the two institutions warmwater, United States Department of Commerce will require customs levy countervailing duties related to product.

According to data released by the United States, from 2007 to 2009, the United States imports from China increased 90% aluminum profiles, 2009 imports about 5.14 billion.

Extrusion is the process through the aluminum extrusion products made. Alloy components mainly for manganese, magnesium and Silicon. Such products a wide range of uses, can be used for window and door frames, base, slot and solar equipment frame, etc., can also be used for car, truck, boat's structure and decoration.

Affected by the financial crisis, the United States economic recession, and lead to domestic trade protectionism. Coupled with the Congressional midterm election draws near, and other political factors, the United States recently frequently on Chinese products trade relief measures. Trade protection for us, the Chinese side repeatedly make solemn representations, demands that the United States adhere to the consensus reached by the parties, the opposition to trade protectionism, common responses to the crisis.