Ruling affects bauxite, coking coal, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus and zinc
The World Trade Organization on Jan 30. upheld its ruling that Chinese restrictions on key raw material exports broke trade rules following an appeal by Beijing. China must bring its duty and export quota measures on elements including magnesium and zinc into line with its WTO obligations, an appeal body said.
The WTO found in favor of the United States, European Union and Mexico in July following a complaint that China had failed to meet the promises it made when joining the body.
The ruling applies to bauxite, coking coal, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus and zinc – many of them vital to the chemical and metal industries for producing things like medicines, fridges and juice cans. Read more here.
