China prefers to resort to consultation for settlement of trade friction with
its trade partners rather than to the World Trade Organization (WTO), Chinese Minister of Commerce Bo Xilai said in
Beijing on Monday.
"It is a normal practice to solve some trade
frictions within the framework of the WTO mechanism for dealing with trade
disputes. But for problems with trade partners with good relations, we prefer
consultations," said the minister at a press conference on the sidelines of the
ongoing annual session of China's parliament.
"If the consultations
fail, we would respect the choice of our trade partners and resort to the WTO
mechanism," he told reporters.
Global business activities have kept
growing after China's entry into the WTO, while trade frictions between China
and some of its trade partners, especially Europe and the United States, are
also on the rise, the minister noted.
The Chinese side always hopes that
trade disputes and frictions could be settled through consultations, he said,
adding, "I'm pleased to see that our major trade partners in Europe, America and
the other parts of the world also want to resolve the problems through
consultation."
"Of course there are exceptions however," said the
commerce minister, who expressed regret that some countries lodged cases in the
WTO against China's import policy on complete sets of motor vehicles and auto
parts.
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