US and EU Ask WTO to Resolve China Rare Earth Issue

Bloomberg reported that the EU, Japan and the US want the WTO to make a ruling on China’s rare earth export restrictions.

As quoted in the market news:

The U.S. Trade Representative’s office today requested that the Geneva-based trade arbiter form a dispute settlement board, after negotiations with China this year failed to produce results. Similar requests were made today by the EU and Japan, according to the statement.

Click here to read the full Bloomberg report.