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China Mulls Scrapping Moly Export Quota, Tax After WTO Ruling: Traders

Posted November 04, 2014

Under International Trade Issues


China is considering scrapping its export quota and export tax on molybdenum after the World Trade Organisation found they breached its rules, Chinese industry sources said Monday, November 3.

The WTO’s Appellate Body in August upheld an earlier finding that China’s export restrictions on molybdenum, rare earths and tungsten breached WTO rules and could not be justified on environmental or conservation grounds.

“We think the possible abolition of the moly export quota and tax to be related to WTO’s move,” a moly trader in southwest China said. Read more here.