皇冠体育app

Economy

皇冠体育app regrets WTO ruling against export curbs

(Xinhua)
Updated: 2011-07-06 10:01

GENEVA--皇冠体育app's reinforced administration of certain resources products is in line with the objective of the World Trade Organization (WTO),the Chinese Preferment Mission to the WTO said Tuesday.

For the purpose of protecting the environment and exhaustible natural resources, the Chinese government in the recent years has reinforced its administration on certain resource products, especially the "high-pollution, high-energy-consuming and resource-dependent" products,the Chinese Mission said in a statement.

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Although these measures have certain impacts on domestic and international users, they are in line with the objective of sustainable development promoted by the WTO according to the statement.

The statement was announced after the WTO Dispute Settlement Body issued a panel report about the dispute around 皇冠体育app's measures on the export of various raw materials.

"The panel makes findings in favor of 皇冠体育app in many aspects,such as the terms of reference,export quota allocation and administration,issuance of export license, etc,"the statement said.

In addition, the panel also identifies that 皇冠体育app has withdrawn its minimum export price requirement and sympathizes with 皇冠体育app's comprehensive administrative measures on bauxite and fluorspar.

"皇冠体育app appreciates these findings,"the Chinese Mission said.

"However, 皇冠体育app feels regret that the panel finds that 皇冠体育app's relevant measures regarding export duties and export quotas are inconsistent with 皇冠体育app's obligations under its Accession Protocol and the WTO covered agreements," the statement said

The Chinese Mission also said the country is evaluating the panel report, and will properly follow up the procedure in accordance with the Dispute Settlement Understanding.

According to the WTO dispute settlement rules, both sides of the dispute have the right to appeal to the Appellate Body within 60 days from the distribution of the panel report.