EU asks WTO to join China materials spat

BRUSSELS, Nov. 5 (UPI) --

The European Union has asked the World Trade Organization to step into its dispute with China over the export of certain minerals.

The EU says Beijing is improperly using quotas and subsidies to limit exports of raw materials such as magnesium, phosphorus and petroleum coke from leaving the country.

The result has been artificially higher prices for the industrial materials outside China, which in turn enables Chinese companies to produce manufactured goods at a lower price, EU officials in Brussels said.

"China's restrictions on raw materials continue to distort competition and increase global prices, making conditions for our companies even more difficult in this economic climate," said EU trade chief, Catherine Ashton.

The EUobserver said Thursday the WTO request comes just ahead of this month's EU-China summit, and follows on the heels of similar requests made to the WTO by the United States and Mexico.


Copyright 2009 by United Press International
All Rights Reserved.

Times of the Internet, now in Spanish


Published: Thursday 05th of November 2009 12:00:37 PM
Print | Email Friend |
Receive updates via Twitter

Like this article? Then submit it to your favorite social network to share with others.
Bookmark and Share
Subscribe to World RSS Feed: rss feed world
Read more news stories in world.
View all posts tagged: China

Read the last five articles tagged China

Read the last five articles in the WORLD category