Arab Today, arab today wto appeal body china exports broke trade rules
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

WTO appeal body :China exports broke trade rules

Arab Today, arab today

Arab Today, arab today WTO appeal body :China exports broke trade rules

Geneva - AFP

The World Trade Organization on Monday upheld its ruling that Chinese restrictions on key raw material exports broke trade rules following an appeal by Beijing. China must bring its duty and export quota measures on elements including magnesium and zinc into line with its WTO obligations, an appeal body said. The WTO found in favour of the United States, European Union and Mexico in July following a complaint that China had failed to meet the promises it made when joining the body. They argued that restrictions on the export of the materials, some of which cannot be found outside China, pushed up prices on the foreign market and lowered costs for domestic producers. In its defence Beijing said measures on some were justified to conserve its natural resources. Officials launched an appeal on August 31. The dispute centres on bauxite, coking coal, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus and zinc -- many of them vital to the chemical and metal industries for producing things like medicines, fridges and juice cans. Both the United States and the European Union claimed victory after the publication of the appeal body\'s report. \"Today\'s report is a tremendous victory for the United States -- particularly its manufacturers and workers,\" US trade ambassador Ron Kirk said. \"Today\'s decision ensures that core manufacturing industries in this country can get the materials they need to produce and compete on a level playing field.\" EU trade commissioner Karel De Gucht said the ruling represented a success in efforts to ensure fair access to raw materials for EU industry. \"It sends a clear signal that such measures cannot be used as a protectionist tool to boost domestic industry at the expense of foreign competition,\" the commissioner said. A statement from the Chinese mission to the WTO said Beijing \"deeply regretted\" the decision. \"China takes the view that the WTO rules ... allow a member to take necessary means to realise its policy objectives such as protection of the exhaustible resources and the environment,\" it said. \"A solution should be found by balancing different policy objectives.\" China said it respected the ruling however and would \"apply reasonable policies to administer products\" according to WTO rules.  

arabstoday
arabstoday

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*

Arab Today, arab today wto appeal body china exports broke trade rules Arab Today, arab today wto appeal body china exports broke trade rules

 



Arab Today, arab today

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*

Arab Today, arab today wto appeal body china exports broke trade rules Arab Today, arab today wto appeal body china exports broke trade rules

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday