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Commentary: Dialogue is win-win solution in trade disputes

English.news.cn   2014-04-03 18:21:44

BEIJING, April 3 (Xinhua) -- Given that China has become the largest trading partner of more than 100 countries and organizations, it is natural and inevitable to see disputes arise, which should be resolved through dialogue and negotiation to realize mutual benefit and create a win-win situation.

As Chinese President Xi Jinping said during his recent visit to Europe, the two sides should work together to manage trade and economic problems through equal dialogue and friendly consultation, always uphold the principles of mutual respect, equality and win-win cooperation, and seek common ground by putting aside differences.

China has recognized that dialogue, consultation and cooperation, rather than punitive or remedy measures, are the best solutions to trade frictions under the rules of the World Trade Organization.

An amicable solution to the dispute between the European Union (EU) and China over solar panels last year proved to be the right course of action as it prevented a full-scale showdown between two major trade partners.

Moreover, the deals reached to end rows over polysilicon and European wine exports to China have also demonstrated China's willingness to solve differences through cooperation, and deepen mutual understanding through dialogue.

Meanwhile, China has encouraged enterprises involved in disputes to learn about their counterparts' law and market environment to safeguard their legal rights.

China's efforts to transform and upgrade its economy and reduce reliance on exports are one of the useful measures to solve trade frictions.

Overseas analysts have noted that new consumption fields and economic growth engines have been emerging. If China can succeed in economic transformation, there will be a 5-6 trillion U.S. dollar growth space in the service trade field, which would bring great opportunities for big trade giants and multinational companies.

It is noteworthy that related parties have showed satisfaction with China's trade disputes solving system -- the European Commission has abandoned the anti-dumping investigation over China's wireless telecommunication equipment and other products to spare space for future negotiations.

Policymakers have to understand that a vibrant trade relationship fits the interests of all parties, and the best way is, in a word, dialogue.

Editor: Shen Qing
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