WTO ruled illegal Chinese rare earth exports accelerated group layout

After a preliminary report released in the first half, Geneva August 7th, the World Trade Organization (WTO) released the report on the United States and the European Union, Japan v. China rare earth, tungsten and molybdenum products export control measures and appellate body. The report is the final report.

The report for March this year the expert group preliminary determination results, that China's export restrictions on rare earth, tungsten and molybdenum in violation of WTO rules. WTO support for the EU, the United States and Japan claim that China's export tariffs and quotas failed to environmental or conservation reasons to prove its rationality.

The Ministry of Commerce of treaty and law department person in charge made the remarks that, China expressed regret. But on the other hand, the Appellate Body of legal interpretation in terms of WTO rules to support China's appeal, China welcomes. The source said that the ruling comes into effect, according to WTO dispute settlement The rules of procedure properly do this case follow-up work.

China Foreign Economic and Trade University WTO Institute Vice President Tu Xinquan told reporters that the ruling means that China will not use quotas, restrictions on the export of rare earth enterprises.

The European Union to the statement made to the press, the EU Trade Commissioner Teguh Hurt said export restrictions can not damage the foreign competitors at the expense of protection and development of local industry. He looked forward to China quickly its export policy in line with international rules.

The same time, the Ministry of information industry and raw material industry department inspector Jia Yinsong at the sixth session of China Baotou “ · rare earth industry (International) forum ” the statement said China will soon form a development pattern of the rare earth group led.

China has started two years before a whole chain of rare earth production rectification, to take total control of the industry improve access threshold, etc., to rectify the industry chaos.

Industry insiders are clear, China Rare Earth on the issue of performance in the export side, but the root or domestic rare earth industry's own problems: in addition to indiscriminate indiscriminate digging mining, environmental pollution, excess capacity, the most important is the downstream application industry, many from the international advanced level there is still a big gap.

In 2011 May, the State Council issued the "first time" several opinions on promoting the sustained and healthy development of rare earth industry, this is since 2000 the State Council for the first time for the rare earth industry issued a guidance and the rare earth up to the national strategic reserve height. The State Council said, will establish strategic reserves of rare earth system, according to the national reserve and enterprise (business) reserves, reserves and resources (land) reserve combination, build a strategic reserve of rare earths.

In 2013, the international market prices low, the overall decline of 60% higher than the highest point in 2011. This is a good opportunity to rectify the industry chaos.

Tu Xin Quan told this reporter comments, rare earth group, will not violate WTO rules, both to protect the environment, but also can ensure the export order. But the process is subject to a variety of resistance, it is not easy.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >