11 AUGUST 2011alu
Rare earth policy puts China again under WTO scanner
Edited by : AL CIRCLE
1 min read
Challenging China’s rare earth monopoly, US and Mexico have filed a lawsuit to the WTO accusing China of protectionism in their rare earth policy, reported Business Daily, quoting Gan Yong, assistant dean at the Chinese Academy of Engineering and chairman of the Chinese Society of Rare Earths.
On July 5 the WTO ruled that China’s export controls on a number of rare earths such as bauxite, coke and magnesium broke international trade laws. The complaint had been filed by the U.S., the European Union and Mexico in 2009.
On July 5 the WTO ruled that China’s export controls on a number of rare earths such as bauxite, coke and magnesium broke international trade laws. The complaint had been filed by the U.S., the European Union and Mexico in 2009.
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