Wednesday, June 27, 2012

EU asks WTO to arbitrate in China 'rare earths' row

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The European Union has asked the World Trade Organization to arbitrate in a row about China's export restrictions on its "rare earth" minerals.

The EU, along with the US and Japan, has asked the WTO to set up a dispute settlement panel, arguing that China is being unfairly restrictive.

China could face litigation by the WTO.

Minerals such as lutetium and scandium are important in the manufacture of electrical products, including mobile phones.



Source & Image : BBC

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