EU takes China to WTO over export curbs

The EU says China is violating WTO rules with restrictions on exports of key materials such as graphite, cobalt, chromium and magnesia which help Chinese industry at the expense of European companies and consumersThe European Union on Tuesday followed the United States to launch a new legal challenge at the World Trade Organization over duties and quotas China imposes on its raw materials exports. The EU said China is violating WTO rules with restrictions on exports of key materials such as graphite, cobalt, chromium and magnesia which help Chinese industry at the expense of European companies and consumers. “We cannot sit on our hands seeing our producers and consumers being hit by unfair trading practices,” the EU’s top trade official Cecilia Malmstroem said in a statement.

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