BEIJING, March 12 (Xinhua) -- 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 here 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.