Export curbs in line with WTO rules: China

AFP, BEIJING:  China insisted its controls over some raw materials exports were legal, after the European Union followed the United States to take it to the World Trade Organisation over the restrictions.
The EU lodged the legal challenge on Tuesday, accusing China—the world’s largest trader in goods—of violating WTO rules with duties and quotas on 11 key materials.
In a similar filing last week, the US alleged China failed to live up to a commitment made when it joined the WTO in 2001 to eliminate such export duties. Washington said Tuesday it had expanded its complaint to include all the same materials covered in the European action.
The substances—including graphite, cobalt, chromium and magnesia—are essential in a broad range of industries, from aerospace and car manufacturing to electronics and chemicals.

Export curbs in line with WTO rules: China

AFP, BEIJING: China insisted its controls over some raw materials exports were legal, after the European Union followed the United States to take it to the World Trade Organisation over the restrictions. The EU lodged the legal challenge on Tuesday, accusing Chinathe worlds largest trader in goodsof violating WTO rules with duties and quotas on 11 key materials. In a similar filing last week, the US alleged China failed to live up to a commitment made when it joined the WTO in 2001 to eliminate such export duties. Washington said Tuesday it had expanded its complaint to include all the same materials covered in the European action. The substancesincluding graphite, cobalt, chromium and magnesiaare essential in a broad range of industries, from aerospace and car manufacturing to electronics and chemicals.