Lamy plays down rare earth row


  • Business
  • Saturday, 17 Mar 2012

TOKYO: The head of the World Trade Organisation (WTO) has played down a dispute over China's controls on exports of rare earth minerals, saying it was unlikely to escalate into a trade war.

The United States, European Union and Japan have lodged a complaint with the WTO against China over its curbs on the shipments of the commodities, which are vital in the manufacture of high-tech goods.

But Pascal Lamy said: “Since the dispute settlement has been set up, no trade dispute has generated a trade war. That's the experience of the past.

“I have no reason to doubt that it will be different now.” - AFP

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