WTO preliminary ruling proceedings against China Rare Earth light rare or meet challenges

According to Japanese media reported on the 25th , the World Trade Organization (WTO) dispute settlement panel has preliminary support for Japan, the United States and the European Union on Chinese control of rare earth export tariffs violate WTO rules opinions.

Reporters from the parties confirmed the news . One from Inner Mongolia, sources said , WTO panel had submitted to the Chinese parties a preliminary decision that China 's rare earth export tariffs contrary to the 2001 accession to the World Trade Organization commitments.

Subject: RE litigation China strive

Press the " China Accession Protocol " agreement , China exported products should be abolished for all taxes , unless expressly provided . Annex lists 84 kinds of products specified rate . Wherein the rate of about 10% of rare earth . This should be the duty of the highest standards for collecting rare , but exceptions .

And in 2012 , China's rare earth export tariffs of 25%.

The source said , according to regulations , Chinese exports of rare earths should follow WTO commitments . Apart from export tariffs, the next step will also be faced with rare earth quota system abolished.

WTO litigation on earth , China Securities Network September once "WTO litigation outcome fastest at the end of the great bull market of rare earth policy combing brought " as a theme for in-depth coverage .

Outside WTO panel is expected to consult the views of interested parties in mid-November at the earliest after issue its final report . If the parties are not satisfied with the report to the WTO 's highest court appeal.

Rare earth industry an authoritative source , the decision against China , but the results expected. Next, China will further complaint .

The authorities said that China's rare earth resources, especially in the heavy rare earth supply, and environmental pollution is serious, then to 2000 levels , to impose export tariffs on unfair ; another horizontal contrast rest of the world for copper , nickel, etc. scarce resources export tax is also far more than the 10% level . To this end, China rare earth export tariffs increase is reasonable .

It is said , WTO litigation fastest at the end of the outcome.

Experts said that according to regulations , adjust the new export tariff and quota policies can have a grace period of six months to one year , which may be no later than early 2015 RE tariffs, quotas fully liberalized .

Before 2009 , China rare earth prices have a prolonged slump , which compete with domestic enterprises competing prices exporting to some extent. And currently , the rare earth industry overcapacity more serious. People are very worried about , there is no quota management system , the rare earth industry to return "cabbage price " era.

Solution: build a large group

Counselors' Office of the State Council of China Nonferrous Metals Industry Association's 2013 China Rare Earth Forum on the 26th held in Guangzhou. MIIT RE Office Jia Yinsong detailing the restructuring of China's rare earth policies .

He revealed that the rare earth industry little messy situation has improved, but the need to further promote the formation of large enterprise groups .

Insiders , WTO rules do not support the number of Member States to restrict exports and setting high tariffs behavior , but allows member states to manage exports through export qualification . Of formation of large rare earth enterprise groups can contain rare earth Luancailuanwa , effective management of rare earth exports .

This year, our efforts to rectify the earth Luancailuanwa space , many illegal trade of people have been held criminally responsible , but also for the purpose of possible litigation against WTO rare earths results rainy day.

The Association Vice President Wang Qin China Nonferrous suggestions, LREE classification management ; production of mandatory plans to play the role of markets ; establish Rare purchasing and storage system .

Some analysts have said that by communicating with the WTO after the release of some varieties may be exported , namely light and heavy rare earth export of differentiated management , such as the light rare earth export management to some extent liberalized, but the heavy rare are still implementing conservation policies.

Challenge: light rare earth or bear the brunt

From LREE or differentiated management point of view , WTO litigation exports of rare earths after the New Deal , once implemented , the biggest variable is the light rare earths .

If you release the light rare earth exports , the impact will be much ?

Last two years, China's rare earth exports decreased significantly in 2012 rare earth export quota only half , for two main reasons : one is the 2011 rare earth prices have rocketed ; Another is rare earth export tariffs raise the cost .

Exports of rare earths after the opening , along with cost reduction , China Overseas orders may increase. In addition, only 10% of the low tariff levy will squeeze smuggling enterprise or living space , the formal large enterprises more profitable .
In addition, the light rare earths , is about 75% lanthanum oxide , cerium oxide , 25% neodymium oxide, praseodymium . This year, although domestic sales of active neodymium oxide, praseodymium , cerium oxide, lanthanum , but demand for light , the price rarely picked up, but these two species are selling well overseas . Rare New Deal, cerium oxide, lanthanum market or start .

However, the global light rare earth rich in natural resources , coupled with overseas expansion, as well as more than 1,000 Chinese traders or dumping, light rare earth market competition will be fierce . Face more downward pressure on rare earth prices .

Baotou Steel Rare Earth to be operational in November China's rare earth exchange to dominate the global rare earth prices . When the light rare earth or staged price war .


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