EU, US 'preparing WTO action against China'
The European Union and the United States are preparing to launch joint WTO action against China over Chinese restrictions on exporting raw materials, an EU source said on Thursday. "The European Union is currently getting something ready with the United States," the source said on condition of anonymity. Brussels and Washington aimed to formally seek consultations on June 22, the first step in opening a case before the World Trade Organization. The source said the move concerned about 20 raw materials that resource-hungry China was restricting its companies from exporting in breach of its commitments when it joined the WTO in 2001. The materials include tungsten, copper, bauxite, antimony, yellow phosporous, magnesium carbonate, molybdenum, rare earths and indium.
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