(MENAFN) The Ruling against Chinese has been well received by the
EU Trade Commissioner Karel de Gucht Thursday welcomed the ruling of World Trade Organisation (WTO) in the EU's favour against Chinese exports restrictions on rare earths and other raw materials,according to KUNA.
"This ruling sends a clear signal that export restrictions cannot be used to protect or promote domestic industries at the expense of foreign competitors,"The EU Commissioner stated, "I now look forward to China swiftly bringing its export regime in line with international rules, as it did with other raw materials under the previous WTO ruling," he declared.
China was justified that its export restrictions on rare earths are part of its conservation policy. But the WTO ruled that export restrictions cannot be imposed to conserve exhaustible natural resources if the domestic production or consumption of the same raw materials is not restricted at the same time for the same purpose.
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