The World Trade Organisation’s appeals body has upheld a ruling that China restricted exports of certain raw materials to protect its domestic manufacturers.
The WTO has sided with the United States, the European Union and Mexico, agreeing that China unfairly limits exports of nine raw materials. The countries previously accused, and won a charge by the countries that China drives up prices for raw materials by setting export duties and quotas on them. The ruling Monday affects exports of certain forms of bauxite, coke, fluorspar, magnesium, manganese, silicon carbide, silicon metal, yellow phosphorous and zinc.
The WTO charged that China must now “bring its export duty and export quota measures into conformity with its WTO obligations.
China’s WTO mission in Geneva said it “deeply regrets” that the appeals body upheld major parts of the earlier ruling’s conclusions; however, it will abide by the organisation’s findings