Chinese in WTO rare earth appeal against the final

According to BBC8 7 June 2007, the World Trade Organization WTO Thursday (7 days) award, Chinese is American, European Union and Japan complaints China restrictions on exports of rare earths appeal case lost.

WTO this award, China did not show a series of quota restrictions on rare earth, tungsten, molybdenum export it adopted is reasonable.

Rare earth is an important component of modern science and technology of national defense industrial production and manufacture products including iPhone, disk drive and a wind turbine included.
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China produces the whole world over 90% of the total rare earths, but from 2010 onwards, China announced restrictions on exports of rare earth metals, and said the move was to reduce pollution and protection of rare earth resources.

Restrictions on exports of rare earths in Chinese, international rare earth prices jumped by several hundred percent.

American, EU and Japan, the complaint said, quota restrictions for China Company to take advantage of the hybrid car batteries, wind turbines and energy-saving lighting products such as the production competition.

Widely expected, Chinese will lose the WTO re appeal, because after Chinese already in a similar case in the losing of export commodities.

Now Chinese by WTO award constraints, will have to cancel the tungsten, molybdenum and rare earth export quotas.

Chinese had argued that, on rare earth, tungsten and molybdenum export quotas, is to prevent excessive exploitation, this policy is an important part of the sustainable development of China.

China commerce ministry said in a statement, Chinese will carefully assess the ruling, continue to improve the consumption of resources product management, in accordance with WTO consistent way, promoting the protection of natural resources, maintain fair competition and to realize sustainable development.


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