China urges U.S. to halt Section 301 investigation into maritime sectors

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China Council for the Promotion of International Trade (CCPIT).

21st April 2024 – (Beijing) The China Council for the Promotion of International Trade (CCPIT) has issued a formal request to the United States, urging it to cease the Section 301 investigation targeting China’s maritime, logistics, and shipbuilding industries. The CCPIT, which functions as China’s primary agency for promoting international trade and investment, criticized the investigation as “unreasonable and groundless,” advocating for a return to a rules-based multilateral trading system.

In a strongly worded statement, the CCPIT dismissed the allegations underlying the U.S. investigation, which implicates Chinese policies and practices in the decline of the American shipbuilding industry. According to the CCPIT, there exists no causal link between the challenges facing the U.S. sector and the operations of Chinese companies. The council emphasized that Chinese firms have instead been pioneers in technological innovation within these sectors, competing fairly in global markets.

The statement highlighted the role of Chinese maritime and shipbuilding enterprises in fostering the development of global trade and maintaining the stability and security of the global supply chain. The CCPIT’s remarks underline a broader plea for adherence to international trading norms and dispute mechanisms defined by mutual respect and cooperation.