World Trade Organization Seeks To Change China Ban

Reuters reported the European Union, United States and Japan have asked the World Trade Organization to overturn China’s ban on exporting rare earths, tungsten and molybdenum.

As quoted in the market news:

The move followed formal WTO consultations on the dispute that were held in April in an attempt to find a solution with China. The EU executive said the bloc – together with its partners in the case, the United States and Japan – would proceed to the next step in WTO litigation in order to seek compliance by China with its international obligations.

Click here to read the full Reuters report.