china to appeal wto ruling over rare earth exports
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

China to appeal WTO ruling over rare earth exports

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice China to appeal WTO ruling over rare earth exports

Beijing - AFP

China said Wednesday it would appeal against a World Trade Organisation (WTO) ruling that it illegally restricted exports of key raw materials. The WTO last month upheld complaints by the United States, European Union and Mexico, ruling that China had failed to abide by accession commitments when it imposed quotas and duties on several types of minerals. The complainants charged that export quotas and duties imposed by Beijing on the raw materials were illegal and against commitments China made when it joined the world trade body. "China will appeal," commerce ministry spokesman Shen Danyang told journalists at a briefing Tuesday. "We maintain that our policies do not violate WTO rules." The July 5 WTO ruling followed an international outcry over China's moves to tighten its grip over rare earths -- 17 elements critical to making many high-tech products -- including slashing exports and imposing higher taxes. The ruling applies to elements including bauxite, coking coal, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus and zinc. The complainants charged that all are key inputs for numerous products in the steel, aluminium and chemical sectors and said any restrictions could lead to sharp spikes in world prices. WTO arbitrators backed the complaints, ruling that China had failed to abide by its accession commitments when it imposed quotas and duties. They rejected Beijing's arguments of conservation concerns as China failed to prove that it imposed export restrictions in tandem with limits for domestic consumption of the raw materials. China, the world's largest producer of rare earths, has also cited environmental concerns and domestic demand for tightening restrictions. Both the United States and the European Union welcomed the ruling, with EU Trade Commissioner Karel De Gucht saying China should ensure "free and fair access to rare earth supplies". China has said its measures are in line with the objective of sustainable development promoted by the WTO and incentivise the healthy development of the resource industry. In the wake of the ruling, Chinese media hit out at the European Union and United States, accusing them of acting out of self-interest. The state-run Economic Information Daily said the United States and Europe were seeking access to China's resources to "satisfy the needs of their domestic industries, especially the development needs of high-tech industries." The newspaper -- owned by the official Xinhua news agency -- said China should be "on guard" as some countries pursue their own interests and "make better use of WTO rules to fight for its own lawful rights and interests".

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to appeal wto ruling over rare earth exports china to appeal wto ruling over rare earth exports

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to appeal wto ruling over rare earth exports china to appeal wto ruling over rare earth exports

 



GMT 10:16 2016 Wednesday ,23 March

cartoon five

GMT 10:21 2016 Wednesday ,23 March

cartoon eleven

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 22:47 2017 Wednesday ,21 June

Security forces hailed, terror blast condemned

GMT 11:29 2012 Saturday ,04 August

Amputee makes history

GMT 11:36 2012 Friday ,03 August

The Arab Spring and the Moroccan exception

GMT 17:54 2017 Tuesday ,28 November

US urges EU and Britain to pursue Brexit talks quickly

GMT 14:41 2017 Thursday ,14 December

Looking back on Dubai’s dazzling Modest Fashion Week

GMT 12:15 2017 Tuesday ,24 October

Angola's 'kizomba' dance mesmerises the world

GMT 14:36 2016 Thursday ,16 June

Taking livestock to summer pasture in Xinjiang

GMT 10:11 2017 Saturday ,07 January

Five dead in Fort Lauderdale airport shooting

GMT 06:11 2011 Tuesday ,04 October

Busan film festival to open

GMT 06:17 2015 Tuesday ,28 April

Middle East musical rise on display
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice