Friday, April 23, 2010

Breaking News-RTRS-China threatens retaliation in Argentina trade dispute-Xinhua

BEIJING, April 22 (Reuters) - A senior Chinese trade official said China has no choice but to consider retaliatory measures against Argentina, accusing the South American country of growing trade protectionism toward Chinese products, the official Xinhua news agency reported.
China's imports of Argentine soyoil would not be normalised unless Argentine exporters "increase the quality and safety of the product," Xinhua quoted Vice-Commerce Minister Jiang Yaoping as saying in Buenos Aires.
According to the report, Jiang said China had not set up trade barriers against Argentine products, but because of external and internal pressures resulting from protectionist moves by the South American country, China "will have no alternative other than to consider countermeasures".