China Resource Hoarding- WTO Panel Convened

The World Trade Organization has agreed to investigate whether China’s export duties on nine commodities that are used as raw materials for various basic industries ( including aluminum and steel) provide a trade-distorting competitive advantage to Chinese producers.

Resource hoarding protects high cost low efficiency producers.

The investigation was prompted by complaints from the US, the EU, and Mexico that Chinese export restrictions were discriminatory and violated WTO rules. The Chinese government defended the tariffs saying they are intended to inhibit overproduction and emissions as well as conserve scarce natural resources.
Read Steel Industry Analyst  Michelle  Applebaum’s  update on this hoarding dispute here.
Our original post  from November 4, 2009, explaining this dispute can be found here.

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This entry was posted on Wednesday, December 30th, 2009 at 5:50 am and is filed under Front Office. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to China Resource Hoarding- WTO Panel Convened

  1. WTO Rules Against China’s Raw Materials Hoarding « Speaking of Precision Blog says:
    July 5, 2011 at 5:20 pm

    […] We wrote about this https://pmpaspeakingofprecision.com/2009/12/30/china-resource-hoarding-wto-panel-convened/ […]

    Reply
  2. WTO- China Raw Material Exports Broke Trade Rules « Speaking of Precision Blog says:
    January 30, 2012 at 3:27 pm

    […] https://pmpaspeakingofprecision.com/2009/12/30/china-resource-hoarding-wto-panel-convened/ Beijing's appeal denied. […]

    Reply

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