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WTO rules China curbs on raw material exports illegal
Source: Agencies |
July 6, 2011, Wednesday
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Online Edition
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China said it regretted a decision made by the World Trade Organization yesterday which ruled China broke international law when it curbed exports of coveted raw materials.
The ruling was issued after an 18-month WTO investigation of Chinese quotas, export duties and license requirements on industrial ingredients such as coke, zinc and bauxite.
China said it regretted the WTO's decision, insisting its export policies are based on environmental and resource protection -- a justification likely to resonate with nations such as Russia, Ukraine and India that are also reining in their resource sales. China is expected to appeal the ruling.
"China takes the view that although these measures have a certain impact on domestic and international users, they are in line with the objective of sustainable development promoted by the WTO and they help to induce the resource industry toward healthy development," the Chinese government said in a statement from its embassy in Geneva, where the WTO is based.
The WTO said in a statement, "The panel found that China's export duties were inconsistent with the commitments that China had agreed to in its protocol of accession."
"The panel also found that export quotas imposed by China on some of the raw materials were inconsistent with WTO rules," it added.
The ruling was issued after an 18-month WTO investigation of Chinese quotas, export duties and license requirements on industrial ingredients such as coke, zinc and bauxite.
China said it regretted the WTO's decision, insisting its export policies are based on environmental and resource protection -- a justification likely to resonate with nations such as Russia, Ukraine and India that are also reining in their resource sales. China is expected to appeal the ruling.
"China takes the view that although these measures have a certain impact on domestic and international users, they are in line with the objective of sustainable development promoted by the WTO and they help to induce the resource industry toward healthy development," the Chinese government said in a statement from its embassy in Geneva, where the WTO is based.
The WTO said in a statement, "The panel found that China's export duties were inconsistent with the commitments that China had agreed to in its protocol of accession."
"The panel also found that export quotas imposed by China on some of the raw materials were inconsistent with WTO rules," it added.
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