China to appeal WTO rare earth ruling: gov't
April 18, 2014, 12:31 am TWN
BEIJING--China will appeal a ruling by the World Trade Organization (WTO) that its export restrictions on rare earths and other resources broke international rules, the commerce ministry said on Thursday.
The WTO's disputes settlement body decided last month that China's export duties and quotas, plus limits on who could trade in the rare earths tungsten and molybdenum — which are key raw materials for hi-tech goods — skewed global commerce against other nations.
The panel of independent trade and legal experts backed a complaint lodged in 2012 with the WTO by the United States, the European Union and Japan.
“China will go all out to make an appeal,” commerce ministry spokesman Shen Danyang told reporters.
“No matter what the result of the appeal is, China's policy goal of protecting resources and the environment will not change.”