United States had opened the week last similar action, accusing Beijing of inflating prices nine raw materials to promote their businesses
“the two previous decisions of the WTO restrictions on Chinese exports are very clear. these measures violate international trade rules. And as we see China acting to remove them, we must adopt legal provisions, “he said in a statement the European Trade Commissioner Cecilia Malmström.
The EU had already opened proceedings against export taxes imposed by China rare earth (essential metals for high technologies) and raw materials such as bauxite, zinc and coke. The new demand concerns graphite, cobalt, chromium, magnesium, antimony, indium, copper, lead, talc, tantalum and tin.
Some of them (graphite, cobalt, magnesium, antimony and indium) on the list of twenty “essential” raw materials for the European economy, identified as such in a report of 2013.
China imposes export of these minerals a series fees and quotas “to limit access to these products by foreign companies”, said the EU executive.
China’s exports of these commodities totaling thousand 200 million per year and half is directed to the EU.
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