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Beijing (AFP) Dec 14, 2010 China said Tuesday it regretted the World Trade Organisation's rejection of its complaint against punitive US tariffs on Chinese tyres and would appeal "at an appropriate time". The commerce ministry said in a statement that it "regretted the ruling" and was "deeply concerned about the potential negative impact" of the decision. It added that China would "carefully research the dispute settlement panel's report and appeal at an appropriate time to protect the Chinese industries' legal rights and interests". In 2009, US President Barack Obama invoked a safeguard clause in China's WTO accession agreement to impose punitive duties on imports of Chinese tyres over three years. That prompted China to lodge a complaint with the global trade watchdog. However, the WTO's panel of arbitrators rejected all of China's arguments in its 128-page ruling on Monday, saying "the United States did not fail to comply with its obligations" in imposing the measure.
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