ROUNDUP: WTO rejects China's appeal in dispute over rare earths

GENEVA / BRUSSELS (dpa-AFX) – China has in the dispute over its export restrictions on rare earths at the World Trade Organization (WTO) must insert a defeat again. The WTO arbitration court rejected on Thursday returned the appeal of China to fulfill its earlier decision, according to which Beijing is contrary with export quotas for rare earths of the rules of free trade.

Beijing was unable to prove even with his appointment, that the restrictions on the export of need, especially for the construction of devices such as mobile phones or flat panel displays raw materials are justified. The WTO had been a corresponding action of the EU, the USA and Japan, where against the Chinese practice law.

Come from China via 90 Percent of the rare earths. It had established the export restrictions so, that it wanted to protect its environment and natural resources. The WTO was however criticized, that the raw materials restricted for export, However provided the Chinese domestic market fully available.

EU Handelskommissar De Gucht erklärte, the decision of the WTO send “a clear signal from, that export restrictions can not be used, to domestic industries at the expense of foreign competitors to protect or promote.” He believes, that China would bring its regulations now swiftly in line with international guidelines. / bur / hrz / DP / stk

Those: http://www.finanztreff.de/news/roundup-wto-has-vocation-china-in-dispute-to-rare-earth-zurueck/9944105

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