25 AUGUST 2011china aluminium network
China to Appeal WTO Ruling on Raw-Material Export Controls
Edited by : AL CIRCLE
1 min read
China will appeal a World Trade Organization finding last month that its export controls over raw materials including coke, zinc and magnesium violate global rules, the Ministry of Commerce said.
“We still feel the country’s policies on exports of raw materials don’t violate the rules of the WTO,” Shen Danyang, spokesman at the ministry, said at a regular briefing in Beijing today. A WTO panel concluded on July 5 that duties and quotas on the export of raw materials violate global trade rules and gave domestic companies an edge.
Complaints against China by the U.S., the European Union and Mexico were bolstered by the WTO ruling, after an 18-month investigation of Chinese quotas, export duties and license requirements on industrial ingredients such as coke, zinc and bauxite. The restrictions had stoked tensions between China and its trading partners, who said the world’s fastest-growing major economy adopted unfair commerce and currency policies.
“We still feel the country’s policies on exports of raw materials don’t violate the rules of the WTO,” Shen Danyang, spokesman at the ministry, said at a regular briefing in Beijing today. A WTO panel concluded on July 5 that duties and quotas on the export of raw materials violate global trade rules and gave domestic companies an edge.
Complaints against China by the U.S., the European Union and Mexico were bolstered by the WTO ruling, after an 18-month investigation of Chinese quotas, export duties and license requirements on industrial ingredients such as coke, zinc and bauxite. The restrictions had stoked tensions between China and its trading partners, who said the world’s fastest-growing major economy adopted unfair commerce and currency policies.
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