Wednesday 26 March 2014

Japan, U.S., EU win rare earth dispute with China

The World Trade Organization said Wednesday that China's curbs on rare earth exports violate global trade rules.
A WTO dispute settlement panel fully backed a joint complaint from Japan, the United States and the European Union, urging China to take corrective measures.In its report, the panel said that China's restrictions on exports of rare earths, tungsten and molybdenum violate its pledge to abolish export duties, made when the country joined the WTO in 2001

Source: Jiji News

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