Commerce Department: Rare earth export tariffs canceled after May 2

January 21, 2015 at the Ministry of Commerce for the first time at a regular press conference, the Ministry of Commerce spokesman Shen Danyang said that according to changes in domestic and international market development, and approval of the State Council, the Ministry of Commerce decided to January 1 from 2015 Japan began to cancel export quotas management, and retention of export tariffs, until May 2, 2015. This means that after the formal abolition of quotas of rare earth, rare earth outside attention when it canceled the first time with a clear timetable for tariff.

In recent years, for the effective protection and rational use of rare earth resources, regulate the industry market order, changes in development, resource class industrial transformation and upgrading, the Chinese government take full advantage of the economic and market instruments, adopted a series of measures to strengthen and improve the rare earths and other products export management, and promote the sustainable and healthy development of rare earth industry.
Last December 31, the Ministry of Commerce, General Administration of Customs Announcement No. 94 of 2014, published 2015 catalog of goods export license management, including rare earths, tungsten and tungsten products, molybdenum, etc., eight kinds of goods, with export contracts to apply export licenses without providing approval documents. This marks the official end of the self-Chinese rare earth export quota system implemented since 1998.

Shen Danyang said the cancellation of rare earth quota is to co-ordinate domestic and foreign markets, a specific trade policy options and resources, and is in line with product management reform domestic rare earth resources such a measure, but also considering the relevant WTO ruling the implementation of a policy carried out adjustments.


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