Treat BRICS trade issues 'rationally'

Vice Minister of Commerce Wang Chao has urged trade remedy investigators looking into the BRICS nations to "strengthen policy coordination and treat trade issues rationally and objectively".

Speaking at a seminar, he said: "Dialogue and consultation between governments and industries are preferred in addressing trade issues. We reject the abuse of trade remedy tools."

The seminar is the first time that the BRICS group - which involves China, Brazil, India, Russia and South Africa - has sat together to discuss trade remedy issues, which consist of anti-dumping, anti-subsidy and safeguard measures.

In the first half of the year, China was hit by 40 trade remedy investigations from 18 countries and regions.

Seventy percent originated in major developing countries such as Brazil and India, according to the Ministry of Commerce.