CHINA TOLD ITS EXPORT RESTRICTIONS ON MINERALS BREAK WTO RULES
July 1st, 2011
BY KEITH NUTHALL
A WORLD Trade Organisation (WTO) disputes panel has ruled that Chinese export restrictions on the export of bauxite, coke, fluorspar, magnesium, manganese, silicon metal and zinc break global trade rules. Finding them to be "inconsistent" with the 1994 General Agreement on Tariffs and Trade (GATT) and the agreement by which China joined the WTO in 2001, the panel said China should "bring the existing measures at issue into conformity with its obligations..." If China ignores this, the WTO could sanction retaliatory trade ...
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