China faces rare earth trade case

March 13, 2012 at 9:11 pm · International News

The US, Japan and the European Union have filed a case against China at the World Trade Organization, challenging its restrictions on rare earth exports.

US President Barack Obama announced the filing at the White House, accusing China of breaking agreed WTO rules.

Beijing has set quotas for exports of rare earths, which are critical to the manufacture of high-tech products from hybrid cars, to flat-screen TVs.

It is the first WTO case to be filed jointly by the US, EU and Japan.

They argue that by limiting exports, China, which produces more than 95% of the world’s rare earth metals, has pushed up prices.

(BBC)

Your Comment

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>