Western And Chinese "Rare Earth Dispute"

United States and Europe on China's export restrictions on rare earths to the WTO proceedings, under the WTO dispute settlement mechanism, the parties shall consult within 60 days, for the elimination of differences. China supplies 90 percent of the world's rare earth market, and as the world's second largest reserves of rare earth countries, the U.S. domestic rare earth production is zero, and also a large number of rare earth mines abroad signed a long-term cooperation, and its intention is obvious. Rare case of non-renewable resources, its mining and refining processes are accompanied by a lot of environmental damage and pollution, China's rare earth export quota system is to protect its environment and the protection of rare earth resources, sustainable development and use of perspective is in line with WTO principles.

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