WTO panel to rule on US, China dis­pute

The Myanmar Times - - International Business -

THE World Trade Or­ga­ni­za­tion will set up a panel to re­solve an es­ca­lat­ing dis­pute be­tween the United States and China over Bei­jing’s ex­port bar­ri­ers for raw ma­te­ri­als.

Wash­ing­ton claims that China’s ex­port du­ties, ex­port quo­tas and lim­i­ta­tions placed on busi­nesses that want to ex­port raw ma­te­ri­als have hurt US busi­nesses.

The raw ma­te­ri­als con­cerned in the dis­pute range from cobalt to cop­per and tin and China is fac­ing a sim­i­lar spat with the EU.

The US first re­quested ar­bi­tra­tion at the WTO last month, with the coun­try’s trade rep­re­sen­ta­tive Michael Fro­man ques­tion­ing China’s com­mit­ment to the WTO’s goal of es­tab­lish­ing a level-play­ing field in global trade.

China re­jected the first re­quest by the United States for ar­bi­tra­tion. WTO rules state that a sec­ond re­quest for ar­bi­tra­tion au­to­mat­i­cally trig­gers the cre­ation of a panel by the or­gan­i­sa­tion’s Dis­pute Set­tle­ment Body.

Mr Fro­man’s office has in­sisted that Chi­nese raw ma­te­ri­als are cru­cial to sus­tain­ing key American in­dus­tries. –

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