China's Export Duties: Trouble For The Aluminum Industry?

Law360, New York ( June 23, 2015, 11:04 AM EDT) -- In an April 14, 2015, notice, China's Ministry of Finance moved to comply with the World Trade Organization's ruling in a dispute with the United States and other countries by eliminating export tariffs on rare earths, tungsten and molybdenum products. While the elimination of tariffs on the raw materials subject to the WTO dispute garnered immediate attention, the same notice included an additional change to China's system of export restraints that has potentially far-reaching implications for global manufacturers: the elimination of the export tariff on certain aluminum products. In a move completely unrelated to implementation of the WTO's findings in the rare earths dispute, the measure reduced to 0 percent a 15 percent export tariff on certain unwrought aluminum alloy products (i.e., billets and slabs), as well as on alloyed and unalloyed aluminum bars and strips....

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