05 November 2009 11:05 [Source: ICIS news]
BRUSSELS (ICIS news)--The European Commission has requested the establishment of a World Trade Organisation (WTO) dispute panel to look at Chinese export restrictions on a number of raw materials that are key to the chemical industry, the EU executive body confirmed on Thursday.
The Commission said it considered the restrictions to be “in clear breach of international trade rules” and that it has been unsuccessful in trying to settle the issue through formal WTO consultations.
“I regret that the formal consultation process and significant EU engagement on this issue has not led to an amicable solution which would have been our preferred course of action,” she added.
European industries have raised concerns for a number of years on export restrictions – including quotas, export duties and minimum export prices – that
The US and
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|