Improve the rare earth export management system is the best policy

December 16, Tariff Commission of the State Council issued the "2015 Tariff Implementation Plan." See in 2015 compared with the rare earth export tariffs in 2014, and has not changed. This means that the market has been expected to be canceled in 2015 rare earth export tariffs are not adjusted.

In fact, with regard to our possible elimination of export restrictions and tariffs to say, there are many foreign media from the mouth. The reason is mainly in August this year, the World Trade Organization (WTO) dispute settlement panel report preliminary ruling institutions export management measures after the US, EU, Japan v China rare earths, tungsten, molybdenum and other related products China lost the case, the foreign media have been take the "wind" advocated that China will cancel export quotas of rare earth export restrictions and tariffs.

An embarrassing situation is that, although China is the largest exporter, but did not have the right to speak rare international market. In order to protect rare earth resources, China since 2011 began a systematic adjustment of rare-earth policy, including increased export tariffs. Unexpectedly led the United States, European Union, Japan's opposition. To this end, since 2013, China again massive combing rare-earth policy, since part of the policy is still under discussion.

Because WTO announced China's rare earth export tariffs, tungsten, molybdenum related products, the export quota measures do not comply with the relevant WTO rules and China's WTO commitments to join the ruling, which means that China will be forced to cancel the export duties for rare earths and other products taken export quotas.

At present, China's rare earth industry faced with two choices: First, within a reasonable period of execution (usually 15 months) China will cancel or adjust been convicted of a violation of WTO rules existing export taxes and export quota management system; the second is to maintain the existing export taxes and export quotas, but negotiations with the relevant countries to compensate, in exchange for restrictions on exports of rare earth and other resource products.

Currently, it is the first choice of the two "Cancel or been convicted of a violation of WTO rules to adjust the original export taxes and export quota management system," the most controversial. But the reality is, whether to make that kind of choice, will pay the appropriate price. In this case, you need to conduct a comprehensive domestic rare earth industry, trade-offs, trade-offs.

In this rare game, China should actively adjust the rare earth industry development strategy under the WTO framework, to better cope with the direction towards challenging efforts in Western countries.

Despite all want our domestic and foreign trade of rare earth export tariffs canceled, but according to the status of rare earth export quotas and tariffs should not be a one-time completely liberalized, if there is no matching measures to ensure market order once the abolition of export quotas and export tariffs, the market is likely to restored to its previous state of confusion, for the protection of rare earth resources, protecting the environment are not good.

In line with the goals and strategic objectives of the rare earth industry, industrial upgrading the premise of sustainable development, reconstruction and improvement of rare earth export management system, this is the best policy. As for the adjustment of rare earth export quotas and export tariff policy, a one-time cancellation or stages, or light and heavy products phased need depth considered.


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