China's defeat at World Trade Organization "end of the line on dispute"

China loses an appeal on WTO on exports of rare earth materials. This was the cases brought by United States in the Japan and European Union to Challenge China’s export of rare earth materials restriction. This was according to the WTO body ruling.

“China have not declared the exact export quota to various rare earth forms, molybdenum and tungsten by virtue of measurements should be justified” the conclusion said on the document’s.

China generates almost 100 percent of the world’s minerals or metal (rare earth), these materials were the key elements used in all defense industry and the manufacture of modern technology, disk drives, IPhones and turbines. WTO imposed strict quotas to rein in pollution and preserve natural resources. (article here)

The prices of rare earth materials soared a hundreds of percent, leading European Union, Japan and United States to complain that has been given to Chinese Companies a competitive edge in products such as hybrid battery car, energy lighting and wind turbines.

China’s defeat was expected after it lost in a analogous case over exports on other commodities, with the WTO ruling China were obliged to cancel export quotas.

United States Representative of trade Micheal Froman said that the ruling by WTO will be marked as “end of the line”