China's rare earth export restrictions on further appeal WTO slim odds

Chinese Ministry of Commerce held a regular press conference today , the Ministry of Commerce spokesman Shen Danyang talk about " China's rare earth export policy case" , said the Chinese side will be on April 17 raised to the WTO Dispute Settlement Body crossover appeal , the Chinese side will fully do appellate work . No matter how the outcome of the appeal , China to protect resources , environmental policy objectives will not change .

Which lasted two years, the United States , Japan, EU trade lawsuit against China 's rare to make a preliminary ruling on March 26 , WTO ruled against China , finds China 's rare earth export restrictions and export taxes and other related systems in violation of WTO commitments. Although China may , within 60 days of the WTO Committee of Final Appeal , but the possibility of past cases of view in favor of minimal.

Around the " rare earth export policy ," the US-China trade legal battle is heating up , in order to expand the fruits of victory , the U.S. was again submitted to the WTO appeal on April 8th , and today China is also the first official confirmation of the time for appeal .

Prior to China Nonferrous Association vice president Jia Ming Star spokesman said that at present , the Committee of Experts WTO on Chinese rare earth production management is recognized , because the purpose of management is to protect resources and the environment , but that the export quota tariff management approach does not comply with WTO requirements.

Over the past 20 years , 90 percent of the global supply of rare earths from China . From the perspective of a single trade point of view, China's rare earth export controls does the use of rare earth enterprises in importing countries adversely affected. On the one hand , the export tax to make use of foreign importers and domestic rare earth enterprises are facing different prices. On the other hand , the export quota of rare earth lead to insufficient supply in the international market , increasing the cost of importing enterprises.

After losing our country is facing rare earth quotas cancellation policy , lowered tariffs, liberalization and other rare earth export gate , opened the prelude to a new round of corporate reshuffle . On the one hand , a period of time , all kinds of rare earth products in general prices will fall further , which will directly lead to the closure of some SMEs outs or acquisitions ; on the other hand , for environmental reasons, the government will stimulate industry consolidation on the basis of pre- accelerate large group reorganization process.

China Rare Earth Group , a large high-rise on the phone , " Economic Information Daily" correspondent said that from a business perspective are most worried about is that in the rare earth bubble burst , the rare earth industry as a whole are relatively sluggish performance , the export situation is very weak, once after losing triggered rare earth export control policies canceled , this signal may cause rare earth prices continue to fall , so industry worse.

But even though Europe and other Western countries in the prosecution of Chinese export restrictions , but unfortunately the mining reluctant to sell their strategic resources is also very common phenomenon . After a state such as Canada take on timber exports , " domestic needs test " , that is, only in the country, the state sell timber to meet the internal demand will consider exports. Another example is the U.S. natural gas exports to take " an export license approval ," and so on.


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