Don't miss

Replay


LATEST SHOWS

ENCORE!

Music show: Mahalia, Ariana Grande & Willie Nelson

Read more

FOCUS

Tramadol: Cameroon’s low-budget opioid crisis

Read more

TALKING EUROPE

EU citizens’ consultations: Macron’s efforts to renew Europe

Read more

THE INTERVIEW

Strengthening ties Down Under: The man charged with promoting Australia in France

Read more

TALKING EUROPE

Jagland: ‘Would be disastrous if Russia pulls out of Council of Europe’

Read more

IN THE PRESS

Much ado about nothing? Actress Natalie Portman's boycott of 'Jewish Nobel awards' sparks backlash

Read more

IN THE PRESS

Emmanuel Macron and Donald Trump: Strategic BFFs?

Read more

IN THE PRESS

'Badass': Accolades pour in for Southwest pilot who landed plane after engine failure

Read more

BUSINESS DAILY

Poverty remains a challenge for Paraguay as new president is elected

Read more

Business

USA, EU launch WTO action against China

Text by NEWS WIRES

Latest update : 2009-06-23

The United States and the European Union have appealed to the World Trade Organisation over claims China is deliberately restricting raw material exports in order to boost its domestic market.

AFP - The United States accused China Tuesday of pursuing a "troubling" industrial policy as it launched WTO action with the European Union against the Asian giant for restricting raw materials exports.
  
The two Western powers requested World Trade Organization (WTO) dispute settlement consultations with China regarding Beijing’s export restraints on numerous important raw materials.
  
"China’s measures appear to be part of a troubling industrial policy aimed at providing substantial competitive advantages for the Chinese industries using these inputs," US Trade Representative Ron Kirk told reporters in Washington.
  
The materials at issue were bauxite, coke, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus, and zinc -- key inputs for numerous downstream products in the steel, aluminum, and chemical sectors across the globe.
  
China is top global producer of these materials.
  
"We are going to the WTO today to enforce our rights, so we can provide American manufacturers with a fair competitive environment and put more American workers back on the job," Kirk said.
  
"China is a leading global producer and exporter of the raw materials in question, and access to these materials is critical for US industrial manufacturers."
  
He added that the United States "is very concerned that China appears to be restricting the exports of these materials for the benefit of their domestic industries, despite strong WTO rules designed to discipline export restraints."

Date created : 2009-06-23

COMMENT(S)