Outrageous, EU& US file complaint against China for not exporting Options

[antimatter]

Amazing, China has its own rights to not export its own raw earth materials. EU and US are filing aginst China for not exporting those materials.. outragous!
People have the rights to not sell their own stuffs. What in the world is coming to that force someone to sell their own. It's like highway robbery. Amazing. Shsshh WTO is about preventing protectionism not about forcing others to sell their stuffs.

Definitely whiteman's former imperialism/ colonism instincts are surfacing again in this case.

EU, US to take China to WTO over export barriers

GENEVA BOUND? : The complaint will reportedly say that Chinese duties and quotas distort the markets for materials used in steel, aircraft, autos and chemicals

REUTERS , BRUSSELS
Friday, Jun 12, 2009, Page 11
The EU and the US will take action against China at the WTO this month over export restrictions on around 20 industrial raw materials, EU and industry sources said.

The sources said Brussels and Washington would formally request consultations with Beijing on the issue on June 22.

If these talks fail, the next step would be to request that a WTO panel hear the complaint. Such a step could prove costly for both sides in terms of litigation.

The action is expected further to damage already brittle trade relations with China. Trade disputes between Brussels and Beijing are on the rise since the EU’s trade deficit with China has ballooned. Brussels has imposed a number of anti-dumping tariffs on imports of Chinese goods ranging from shoes to steel products.

EU exports to China rose to 78 billion euros (US$106.3 billion) last year from 26 billion euros in 2000, while imports from China rose to 248 billion euros from 75 billion euros over the same period.

The EU and US say China has continued to restrict exports of raw materials used in steel, semiconductors, aircraft and other products despite Beijing’s pledge to eliminate taxes and charges on exports when it joined the WTO in 2001.

The materials expected to be covered by the case include yellow phosphorous, antimony, bauxite, coke, fluorspar, magnesium carbonate, molybdenum, rare earths, silicon, talc, tin, tungsten and zinc.

“China has been placing unfair export quotas and taxes on these raw materials which are distorting the global market and hindering European and US companies,” an EU source said.

“It is violating its commitments as a member of the WTO,” the source said.

The sources said the list of materials had yet to be finalized by Brussels and Washington. The number “will be in the region of 20,” one source said.

The European Commission will inform member states at a meeting today of its decision to challenge China at the WTO.

“Member states, notably Germany and France, have been chomping at the bit for over a year to mount a case,” a diplomat familiar with preparations for today’s meeting said.

European and US steelmakers accuse China of giving its own steel companies an unfair advantage by restricting exports of coke and other materials used to make steel.

European industry also has objected to China’s use of export curbs to drive down domestic raw material costs at the expense of foreign producers.

Europe’s chemical sector is particularly unhappy with Beijing’s decision last year to impose a 120 percent tax on yellow phosphorous.

Phosphorus is crucial for the chemical industry and is used in many products including fire extinguishers and detergents.

http://www.taipeitimes.com/News/biz/archiv...6/12/2003445958

This post has been edited by antimatter: Jun 11 2009, 08:58 PM

[Mahkol]

Let them b!tch and whine, they only have their militaries.

[Mid-Night_Sun]

China needs to play its cards right to keep the advantage. have a lot of good cards, but not all of them. i wouldnt push US and EU too much...not yet anyway.

[JohnnyReb]

The WTO is bull$hit. I used to think that it would actually help free up world trade and level the playing field, but it does not. I changed my opinion when China filed a suit against America for unfairly blocking Chinese steel. The WTO actually ruled in favor of China, and guess what? Nothing happened! The WTO decided that yes, America illegally raised barriers against Chinese steel but no, we're not gonna do anything about it.

The WTO, like the IMF is just another tool for white western countries to d!ck over non-white economies.

[antimatter]

People have the option of not selling their stuffs. Can you blame a girl for not selling sex to you?

[sinraptor]

China does not take US or EU to the WHO for not selling military equipment to China, so why do they force China to sell these precious resources?

This post has been edited by sinraptor: Jun 12 2009, 10:47 AM

[mkfk1]

Let them b!tch. We are still not selling.

[antimatter]

For decades now, the West has imposed mountains of restrictions on sales of technology and materials to China. Those restrictions continue today. Yet these same jerks demand that China must freely export everything she owns, and cannot even impose taxes on the extraction.

At the minimum, China should reclassify all the materials in question, as key strategic military production factors, subject to military export controls. The WTO rules, at the insistence of the West, has always exempted restrictions based on military needs. The game is rigged, and the rules are set by the West. But the same rules can be used to the full advantage to protect China's interest.

And in fact these materials are strategic and of military importance. Otherwise the West would not be complaining. And also IN FACT many of the materials on the list are indispensable for military manufacture - for military aircraft, missiles, satellites, etc.

For example, it should be clearly legislated that, until and unless the relevant nation(s) remove the restrictions of military and/or dual use exports to China, those nation(s) are not going to get ANY of China's military/strategic materials, such as rare earths.

Moreover, multiple cartels should be set up with other producers, on the government level, much like OPEC. With that China gains important bargaining power.

[iluvsoompi]

For decades now, the West has imposed mountains of restrictions on sales of technology and materials to China. Those restrictions continue today. Yet these same jerks demand that China must freely export everything she owns, and cannot even impose taxes on the extraction.

At the minimum, China should reclassify all the materials in question, as key strategic military production factors, subject to military export controls. The WTO rules, at the insistence of the West, has always exempted restrictions based on military needs. The game is rigged, and the rules are set by the West. But the same rules can be used to the full advantage to protect China's interest.

And in fact these materials are strategic and of military importance. Otherwise the West would not be complaining. And also IN FACT many of the materials on the list are indispensable for military manufacture - for military aircraft, missiles, satellites, etc.

For example, it should be clearly legislated that, until and unless the relevant nation(s) remove the restrictions of military and/or dual use exports to China, those nation(s) are not going to get ANY of China's military/strategic materials, such as rare earths.

Moreover, multiple cartels should be set up with other producers, on the government level, much like OPEC. With that China gains important bargaining power.

WTO is probably some kind of western tool.

[depthcharge]

Let them b!tch. We are still not selling.

pretty much

[baidu]

pretty much

说的就是稀土和焦碳限制出口的问题嘛,土共现在是理都不爱理他们了