China's Rare Earth Monopoly Shaken, Sparking Global Trade Upheaval
China lost a case about Rare Earths, with a Panel split on whether export duties ban allows GATT Article XX. The question affects RAMs' WTO-plus terms. Export quotas are fine under GATT, but China's conservation measures were closely examined. This raises questions about RAMs using Article XX with trade-restrictive quotas. China has appealed the ruling.