Topic “WTO” — Exporter Magazine

A dispute between China and the US, the EU and Japan over rare earth exports has simmered for some time, and the feud has escalated with the recent involvement of the World Trade Organisation (WTO), according to Xinhua News. Russia, a major importer of apples, will slash import duties on this fruit by nearly half after joining the World Trade Organistion, and then further half the duty by 2017, according to FruitInform’s website, citing Interfax. An initial ruling by China’s Ministry of Commerce this week found that European Union (EU) members have subsidised potato starch exports to China, hurting the interests of China’s domestic industries, according to a Xinhua news report. A panel at the Geneva-based trade group on Monday said it agreed that the US was justified in slapping a 35% tax on Chinese tyres under WTO provisions that let countries protect local industries and workers from sharp increases in Chinese imports. A World Trade Organisation (WTO) panel has ruled that a US ban on Chinese poultry is illegal – the first such reprimand for legislation brought in under the Obama Administration, according to MeatProcess.com. The World Trade Organization ruled Monday that Australia’s 89-year ban on imports of New Zealand apples is illegal, and ordered Canberra to comply with international commerce law.