US & EU sue China through WTO for not EXPORTING enough!

June 23, 2009
By

From the AP:

WASHINGTON (AP) — The United States on Tuesday filed its first unfair trade case against China before the World Trade Organization, accusing the Asian power of restricting exports of key raw materials needed for the production of steel, aluminum and other products.

U.S. Trade Representative Ron Kirk said at a news conference that the U.S. is “deeply troubled at what appears to be a conscious policy to create unfair advantages for Chinese industries.”

The European Union also filed its own case on the matter, setting the stage for what could be a key showdown among the world’s major trading countries.

The materials at issue include coke, bauxite, magnesium and silicon metal, the U.S. complaint notes. The U.S. and EU complaints say China’s export restrictions give its companies an unfair edge over their foreign rivals by giving them access to cheaper materials, despite WTO rules against export curbs.

“The Chinese restrictions on raw materials distort competition and increase global prices, making things even more difficult for our companies in this economic downturn,” EU Trade Commissioner Catherine Ashton said in a statement.

Tags: , , ,

2 Responses to US & EU sue China through WTO for not EXPORTING enough!

  1. Jon shu on June 24, 2009 at 10:04 pm

    All those raw material was produced in the cost of china deterioating environment and worker’s health. China should totally shut down exporting those material. U.S has more of such resources than china, why not use it?

  2. Frank Littau on May 24, 2010 at 10:45 pm

    Oh Mr. Butler, what a guy

Leave a Reply

Your email address will not be published.

New Paperback Edition!

Login Using Facebook!




Forgot?

Listen to our podcast!

Our Latest YouTube Favorites

No matching videos

Discover the Mysteries of the Federal Reserve

Visit Our Sponsors

Mary Magdalene: Bride of Jesus? Royal Princess? Sacred Prostitute?

Cthulhu and Dagon: Fallen Angels? Kings of Atlantis?

Satanic Black Masses in the Catholic Church!

Visit Our Sponors

PDX FRIENDS

Visit Our Sponsors

Visit Our Sponors