Rare WTO case against almost a foregone conclusion, the domestic industry consolidation efforts should be sped up

World Trade Organization (WTO) panel report released recently rare cases , finds China 's rare earth export taxes and other related products and export quota management measures for violations. Introduction of rare earth export quotas and export taxes from illegal mining management measures under the mandatory plan , smuggling chaos and loss caused by low resources and environmental pollution problems.

World Trade Organization (WTO) panel report released recently rare cases , finds China 's rare earth export taxes and other related products and export quota management measures for violations. Insiders said that although losing or a foregone conclusion, but the rare earth industry consolidation in recent years has led to significant improvement in the industry ecosystem .

Lost or foregone conclusion

After the WTO Panel Report, China Rare Earth Industry Association immediately stance on China's rare earth products for WTO -related measures do not conform to WTO rules and WTO commitments ruled deeply regret , the specific content of China Rare Earth Industry Association report will be studied assess the impact of the ruling on the results of China's rare earth industry and related businesses.

Metallurgical Research Institute of Guangxi Liu Chen said that although the WTO ruling makes "regret" , but the industry has been psychologically prepared for this result . On the one hand there are similar to the " losing " a precedent in 2012月底1, WTO appeals panel of experts had confirmed that Chinese export restrictions nine kinds of industrial raw materials, the behavior of bauxite, coke and other violations of trade rules . On the other hand , according to its WTO commitments , China can take steps to impose export tariffs on 84 tariff lines of products, but rare earths , molybdenum related products are not WTO tariff commitments of 84 products listed may impose export duties , tungsten products which contains only one heading .

According to WTO rules , China's right to appeal within 60 days , the final results will be made ​​after 3-4 months . Division of Treaty and Law Department of Commerce issued a statement also said that China is evaluating the report panel decisions , the case will be resolved and make proper follow-up procedures under the WTO dispute . Many industry insiders said, from the current situation, even if the final results of the appeal is likely to remain unfavorable for our future, China will cancel or reduce rare earth export quotas and tariffs .

Some experts said that more worrying is that from 2012 nine kinds of industrial raw materials and then export restrictions of rare earth against illegal sentenced in a row tasted the "sweetness ", the Western countries may continue to wield weapons of Appeal , for non-ferrous metals other areas outside the trade commenced litigation, export of strategic resource management system will be a fundamental impact .

The upstream end of the upturn

Although the cause for the release control of smuggling rare " black market" re-emergence of concerns still exist, but the respondents said that the integration of rare earth in China in recent years has been paying off the upstream end , the effective regulation of rare earth chaos , even if you release the impact of export controls on rare earth industry might not be too large.

Introduction of rare earth export quotas and export taxes from illegal mining management measures under the mandatory plan , smuggling chaos and loss caused by low resources and environmental pollution problems.

Wanlian securities nonferrous metals researcher Li Weifeng said that in recent years , China has successively promulgated a series of rare earth industry consolidation measures, especially since 2010 , China's rare earth policy turned from simple trade management pay more attention to the management of the production side , the flow ends . At the same time continue to implement the export management system , strengthen the upstream end of the market access, environmental supervision , integration of resources , established Minmetals , Chinalco , Rising and other large group led development pattern ; in the middle end , through a dedicated invoice management , and strengthen the circulation of smuggling and other maintenance order .

In addition to Jiangxi, Inner Mongolia and other traditional areas , the Guangxi resource-rich but not yet fully developed regions through the integration of resources and effective protection of the environment . In 2008 , after the establishment of Nonferrous Metals Group Rare Earth Development Co. , 2011 Guangxi Nonferrous with Chinalco and its holding Grirem and jointly set up Chinalco Rare Earth Development Co., Ltd. Guangxi Nonferrous . After its establishment, the place of mine liquid injection technology for technology improvements, and achieved good results in preventing landslides , the destruction of the old mine for reclamation rehabilitation is also effective.

To learn how to use the rules

Although China has expressed rare earth reserves are not as high as expected outside world , but considering the cost advantage and value advantage in terms of medium and heavy rare earth production of light rare earths , China will long remain quite competitive in the international rare earth market. Insiders said that , in response to Europe continued to impact on China's trade in rare earth and other strategic resources , the right to speak with the resources to match , both to further accelerate the pace of industry consolidation , but also learn to use the rules to better grasp the initiative.

China Rare Earth Industry Association Deputy Secretary-General Chen Zhanheng that, to avoid export release significant impact on China 's rare earth industry and rare earth -rich region , we must strictly control various capital for investment and development of rare earth mine , the use of large enterprises and Resource Group integration, maintenance status of international pricing of rare earth .

Chen Zhanheng proposed rare earth resources in each province of rare earth industry consolidation , " the development of the subject should be less not more" , we must adhere to the principle of " not all businesses can be mined rare earth" , but should strengthen access system managed by qualified , have the capital strength of large enterprises to co-ordinate the exploitation of rare earth resources development .

Liu Chen said , we need to continue to enhance learning, skillfully control the international multilateral trade rules , and use it to implement counter-measures against a number of countries , and actively participate in the formulation of new rules on unfair trade rules to promote improvements and fixes for China -related development of the industry to create a good international environment.


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