EU considers filing suit against China

THE European Union (EU) is considering filing a suit at the World Trade Organisation (WTO) over China’s move on restricting coking coal exports, Dow Jones International News reported.
EU considers filing suit against China EU considers filing suit against China EU considers filing suit against China EU considers filing suit against China EU considers filing suit against China

 

Angie Tomlinson

China has implemented a new quota system where firms must buy an export license of US$200 a ton to import coke from China. This has raised prices to over $450 per ton.

The European Union pushed since China is a member of the WTO, it can not place restrictions on exports.

China has argued back it was trying to protect a scarce national resource and lessen the environmental impact of heavily polluting coke ovens, Dow Jones said.

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