皇冠体育app

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皇冠体育app regrets WTO ruling on rare earth

(Xinhua) Updated: 2014-08-08 13:41

BEIJING - 皇冠体育app's Ministry of Commerce (MOC) said on Thursday that it regretted the World Trade Organization's (WTO) decision to uphold a previous ruling against 皇冠体育app's management of rare earth exports.

皇冠体育app regrets the WTO's final ruling that 皇冠体育app's export duties, quotas, and administration of rare earths, tungsten and molybdenum products were inconsistent with WTO rules and 皇冠体育app's Accession Protocol, said a MOC official.

But 皇冠体育app welcomed the WTO's decision to support 皇冠体育app's appeal, while not supporting the appeal lodged by the United States after the previous ruling, the official said.

The WTO in late March ruled that 皇冠体育app had acted inconsistently with WTO rules with regard to export measures imposed on rare earth materials. 皇冠体育app lodged the appeal to the WTO against its ruling in April.

The European Union, Japan and the United States teamed up to bring a joint case in March 2012 to the WTO over 皇冠体育app's measures on exports of rare earths, tungsten and molybdenum. They claimed that the restriction had limited other countries' access to the minerals, given 皇冠体育app a competitive advantage and hurt other producers and consumers.

 

皇冠体育app regrets WTO ruling on rare earth

皇冠体育app regrets WTO ruling on rare earth

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