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Wednesday, 04/23/2014 3:20:40 PM

Wednesday, April 23, 2014 3:20:40 PM

Post# of 7522
China to appeal against World Trade Organisation's ruling

that its rare earth metals activity violates WTO rules
China is to appeal against the World Trade Organisation's ruling that Chinese export restrictions on rare earth elements violate global trade rules, China's state press agency Xinhau has reported.23 Apr 2014
Regulatory TMT & Sourcing Environmental protection Telecoms Diversified industrial TMT Advanced Manufacturing & Technology Services
The announcement follows a ruling by the WTO last month that export duties, export quotas and trading rights which China imposes on enterprises in relation to rare earths as well as the metals tungsten and molybdenum breach its WTO commitments.
"China will put its weight behind making an appeal," said Chinese ministry of commerce spokesman Shen Danyan. "Whatever the result will be, China’s policy goal to protect resources and the environment will not change. We will also continue to strengthen management of resource products in line with WTO rules and ensure fair competition."
Xinhua did not state on what grounds China plans to make its appeal.

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