WTO decides that Chinese export restraints violate global rules

interns Contributor
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Chinese restrictions on exports of nine raw materials violate global rules and give the country’s manufacturers an unfair edge, a World Trade Organization panel said, backing a complaint by the U.S., the European Union and Mexico.

Today’s ruling comes more than 18 months after WTO judges agreed to investigate whether Chinese quotas, export duties and license requirements on overseas shipments of industrial ingredients including coke, zinc and bauxite are discriminatory. The restrictions have stoked tensions between China and its trading partners, which often accuse the Chinese government of having unfair commerce and currency policies.

Full Story: Chinese raw materials curbs break rules: WTO