China violated rules on 'rare earths': WTO


The World Trade Organisation has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths", the minerals used in mobile phones, hybrid cars, flat-screen TVs and other high-tech products.

US trade representative Michael Froman said Thursday's decision "marks the end of the line" for the rare earths dispute. "By upholding rules on fair access to raw materials, this decision is a win not only for the United Sates, but also for every nation that respects the principles of openness and fairness," Froman said.

The Geneva-based WTO's appellate panel on Thursday rejected Beijing's appeal, saying it hasn't "demonstrated that the export quotas that China applies to various forms of rare earths … are justified".

Read more here: Business Spectator


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