Rare Security
By HU YUE
【期刊名称】北京周报(英文版) 【年(卷),期】2011(054)031 【总页数】2
China’s regulation on rare earth accords with WTO rules
Worries abound Western countries may use a recent WTO ruling on China’s exports restriction on nine raw materials to launch actions against China’s curbs on rare earth exports.
An expert panel of the WTO on July 5 ruled China’s export restrictions on nine raw materials—bauxite, coke, fuorspar, magnesium, manganese, silicon metal, corundum, yellow phosphorous and zinc—are inconsistent with global trade rules.
The U.S. had threatened to lodge a WTO complaint specifcally over China’s curbs on rare earth. Last year it asked business groups and unions to provide evidence China is hoarding these elements.
EU Trade Commissioner Karel De Gucht said the raw materials ruling would greatly enhance the EU position in a rare earth appeal.
“The EU wants to see the principles that guided the WTO panel in making the judgment on raw materials also applied to rare earth,” he said.
But he also called for a negotiated settlement with China to avoid a full-