Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

If Scotland Says 'Aye': Polls Say Independence Referendum Too Close to Call (part 2)

Read more

DEBATE

If Scotland Says 'Aye': Polls Say Indpendence Referendum Too Close to Call

Read more

BUSINESS DAILY

Jack Ma, the man behind Alibaba's record stock market debut

Read more

IN THE PAPERS

France watches as Scotland votes

Read more

MEDIAWATCH

Scottish referendum in the media

Read more

WEB NEWS

Young Iranians use illegal technology to bypass internet censorship

Read more

AFRICA NEWS

Homosexuality in Africa: Kenyan movie debuts at Toronto Film Festival

Read more

AFRICA NEWS

Ebola virus: US to send 3,000 troops to West Africa

Read more

THE BUSINESS INTERVIEW

Inger Andersen, Vice President for the Middle East and North Africa, The World Bank

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)