Last week, China defended its moves to restrict exports of some raw materials, saying it was acting to protect the environment. “Taxing exports of some high energy-consuming and pollutant goods is to improve the world’s trade environment and China’s export structure, and to further enhance environmental protection measures,” Chinese commerce ministry spokesman Yao Jian had said.
In its accession to the WTO, China agreed to restrict the number of products subject to export tariffs, the EU Commission said. “These restrictions appear to be in violation not only of general WTO rules, but also of specific commitments that China signed up to as part of the WTO Accession Protocol,” it added.
Epaper
Newsletter
Stocks
Weather
Horoscope
