WTO Panel Rules Against China

A World Trade Organization (WTO) dispute settlement panel has ruled against China and in favor of the United States, Japan and the European Union — upholding the latter’s claims that China’s export duties on rare earths violate WTO rules, Bernama reported.

As quoted in the market news:

In a preliminary decision presented to parties concerned, the WTO panel says the export duties on rare earths, tungsten and molybdenum run counter to an agreement on abolition in principle of export duties that China adopted in 2001 when the country joined the WTO, informed sources said.

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