China's Export Restrictions Inconsistent with Her WTO Accession Commitments -Panel Report Google+

Thursday, July 7, 2011

China's Export Restrictions Inconsistent with Her WTO Accession Commitments -Panel Report

A report by the World Trade Organization (WTO) issued On 5 July 2011,indicates that China's export restrictions were inconsistent with her WTO accession commitments. The the panel examined complaints by the United States, the European Union and Mexico regarding “China's export restrictions in relation to exportation of raw materials”.

The Panel is convinced that China's export restrictions are shielding domestic producers from foreign competition and so they cannot be justified in in the name of environmental conservation.China's export restrictions can create serious disadvantages for foreign producers by artificially increasing China’s export prices and driving up world prices.

The Panel found that China's export restrictions are inconsistent with the commitments that China had agreed to in its Protocol of Accession. The Panel also found that certain aspects of China's export restrictions limit the export of the raw materials and so are inconsistent with WTO rules and her WTO accession commitments. Read more on China's export restrictions and how they are inconsistent with the her WTO accession commitments

No comments:

hostgator coupon