Dispute with U.S. and EU on new materials’ exports
July 25, 2016 Category Foreign trade, Weekly
ChIna has insisted its duty and quota requirements on the export of 11 raw materials conform to WTO rules, following a complaint by the United States. The U.S. requested consultation with China on the country’s export duties on chromium, as well as China’s export quotas on antimony, indium, magnesia, talc and tin. The U.S. Trade Representative claimed that China’s measures provided an unfair competitive advantage to China at the expense of American workers and manufacturers. The European Union also filed a complaint with the WTO. Washington said it had expanded its complaint to include all the same materials covered in the European action. But China’s trade authorities defended the curbs, saying they were meant to protect the environment and comply with WTO rules. The U.S. complained that Beijing’s export duties raised prices for overseas buyers while local companies paid much less and had more secure supplies and that they put pressure on non-Chinese manufacturers to shift production, technologies and jobs to the country.
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