WTO panel asked for rare earth dispute
Source: Xinhua |
June 28, 2012, Thursday
|
Print Edition
Print Edition
THE European Union, the United States and Japan yesterday requested the establishment of a dispute settlement panel at the World Trade Organization over alleged Chinese export restrictions on rare earths, tungsten and molybdenum.
"Despite the very clear WTO ruling earlier this year in the first raw materials case, Beijing has not taken steps to remove these export restrictions. We regret that we are left with no other choice but to solve this through litigation," EU Trade Commissioner Karel De Gucht said in a statement.
EU, the US and Japan requested a special meeting of the Dispute Settlement Body to be held on July 10 to consider their requests for panels to examine China's exports measures on rare earths, according to the WTO website.
The trio requested consultations with China on March 13 on the export restrictions of various raw materials, including rare earths. Formal consultations were held in April but failed to find a solution.
China has supplied more than 90 percent of rare earth products on the global market, but its reserves only account for about one-third of the world's total. Disorderly mining of rare earths has been blamed for environmental damage in rare-earth-rich regions across the country.
"Despite the very clear WTO ruling earlier this year in the first raw materials case, Beijing has not taken steps to remove these export restrictions. We regret that we are left with no other choice but to solve this through litigation," EU Trade Commissioner Karel De Gucht said in a statement.
EU, the US and Japan requested a special meeting of the Dispute Settlement Body to be held on July 10 to consider their requests for panels to examine China's exports measures on rare earths, according to the WTO website.
The trio requested consultations with China on March 13 on the export restrictions of various raw materials, including rare earths. Formal consultations were held in April but failed to find a solution.
China has supplied more than 90 percent of rare earth products on the global market, but its reserves only account for about one-third of the world's total. Disorderly mining of rare earths has been blamed for environmental damage in rare-earth-rich regions across the country.
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