Solar Energy News  
TRADE WARS
EU takes China to WTO over export curbs
by Staff Writers
Brussels (AFP) July 19, 2016


The European Union on Tuesday followed the United States to launch a new legal challenge at the World Trade Organization over duties and quotas China imposes on its raw materials exports.

The EU said China is violating WTO rules with restrictions on exports of key materials such as graphite, cobalt, chromium and magnesia which help Chinese industry at the expense of European companies and consumers.

"We cannot sit on our hands seeing our producers and consumers being hit by unfair trading practices," the EU's top trade official Cecilia Malmstroem said in a statement.

The EU launched similar successful actions against China in 2012 and 2014 over rare earths and raw materials like bauxite, zinc and coke.

The new challenge targets export restrictions on graphite, cobalt, copper, lead, chromium, magnesia, talcum, tantalum, tin, antimony and indium.

"The past two WTO rulings on Chinese export restrictions have been crystal clear -- these measures are against international trade rules," Malmstroem said.

"As we do not see China advancing to remove them all, we must take legal action," she added.

In filing a similar action last week before the WTO, the US government said that when China joined the WTO in 2001, it agreed to eliminate such export duties but had failed to follow through on the commitment.

The US said Tuesday it had expanded its complaint to include all the same materials covered in the European action.

These raw materials are essential for a broad range of industry, from aerospace and car manufacturing to electronics and chemicals.

In Washington, the US trade representative's office said China's export duties ranged from five to 20 percent, raising prices for overseas buyers while Chinese companies paid much less and had more secure supplies.

In addition, the export duties put pressure on non-Chinese manufacturers to shift production, technologies and jobs to China, it said.

"The restraints we challenged last week, along with the ones we have included today, are part and parcel of the same troubling policy -- one that provides advantages for China in important manufacturing sectors at the expense of the rest of the world," US Trade Representative Michael Froman said in a statement Tuesday.

As with the US challenge, the EU action launches formal consultations with China as a first step to settle the dispute.

If the two sides fail to reach a settlement in 60 days, the EU may decide to ask the WTO to establish a panel to determine whether China's measures are compatible with the Geneva-based body's rules.

The European Commission, the executive arm of the 28-nation EU, is due Wednesday to review trade links with China ahead of a December deadline whereby, under the terms of its WTO accession, the country should be regarded as a normal market economy, not one where the state plays a central role.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
Back to Basics: The HK start-up taking on fashion giants
Hong Kong (AFP) July 17, 2016
Luke Grana arrived in Hong Kong with no contacts, cold-calling 'angel investors' he'd found on LinkedIn armed with only his CV, a business plan, and some big ideas to overhaul fashion. In little more than two years, his eponymous clothing store amassed $6 million in seed funding and has become the go-to shop for under-35s seeking quality staples for their wardrobe. And yet Grana is not ... read more


TRADE WARS
Olive oil waste yields molecules useful in chemical and food industries

One reaction, two results, zero waste

Neural networks to obtain synthetic petroleum

From climate killer to fuels and polymers

TRADE WARS
Robot would assemble modular telescope - in space

The debut of a robotic stingray, powered by light-activated rat cells

On the path toward molecular robots

Chinese firm Midea gets over 50% of Germany's Kuka

TRADE WARS
Offshore wind the next big thing, industry group says

France's EDF buys Chinese wind energy firm

Scotland commits $26M for low-carbon economy

More wind power added to French grid

TRADE WARS
Partially automated cars provide enough benefits to warrant widespread adoption

Tesla won't disable Autopilot despite accidents

California rejects VW plan to fix 3-liter diesel cars

GM sees self-driving cars as gradual rollout

TRADE WARS
Organic molecules could store energy in flow batteries

Electricity generated with water, salt and an ultra thin membrane

Atomic bits despite zero-point energy

New ferromagnetic superconductors

TRADE WARS
China 'may build nuclear plants' in South China Sea

Fukushima reactor makers not liable: Japan court

Iran says to cooperate with France on nuclear project

Indian NPP Second Unit May Start Commercial Operations in November

TRADE WARS
Sweden's 100 percent carbon-free emissions challenge

Norway MPs vote to go carbon neutral by 2030

Algorithm could help detect and reduce power grid faults

It pays to increase energy consumption

TRADE WARS
Australian mangrove die-off blamed on climate change

Agroforestry helps farmers branch out

Drought stalls tree growth and shuts down Amazon carbon sink

Understanding forest fire history can help keep forests healthy









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.