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Regions :: Western Europe :: Switzerland
WTO Rules Against Chinese Restrictions on Raw Material Exports
1:09 PM MDT | July 5, 2011 | Ian Young
The World Trade Organization (WTO; Geneva) has ruled that restrictions imposed by China on the export of certain key raw materials, including some used extensively by the chemical industry, are unfair and violate international trade regulations. A WTO panel today backed a case brought jointly by the European Union (EU), U.S., and Mexico and says that the Chinese export restrictions should be removed. "China's export duties are inconsistent with the commitments China had agreed to" when it joined WTO in 2001, the panel says. The case covers exports of...
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