Latest News:  
Beijing   Sunny    -3 / -12   City Forecast

People's Daily Online>>China Business

Ministry 'ready' to face rare earth push

By Ding Qingfen and Li Jiabao  (China Daily)

09:30, February 01, 2012

BEIJING - China is "ready" to deal with increasing pressure from developed nations to loosen export restrictions on rare earths after the failure of an appeal against a World Trade Organization (WTO) ruling, a Ministry of Commerce official said on Tuesday.

"We are ready for it," Yu Fang, deputy director of the department of treaty and law under the ministry, told China Daily.

Endorsing a previous finding, the WTO's appellate body declared on Monday that export limitations by China on nine raw materials, including zinc, coke and magnesium, through quotas and tariffs broke WTO rules.

It is "regretful" that the ruling has been upheld, the ministry said in a statement on its website.

But "the result is better than we expected as the WTO still supports many of our arguments", Yu said.

Zhou Shijian, a senior expert with Tsinghua University, echoed this view.

"It only requested that China make some technical changes while the ruling actually rejected the majority of their (US and EU) appeals."

The US, EU and Mexico said in 2009 that China's export restrictions on raw materials discriminated against foreign manufacturers and gave an unfair advantage to Chinese producers.

A dispute settlement panel ruled in July that export duties and quotas on raw materials contradicted China's WTO commitments. China later lodged an appeal to the WTO appellate body.

Although rare earths, crucial ingredients in many high-tech products, were not part of Monday's ruling, a number of Washington lawmakers urged the US to use the decision to launch a case to force Beijing to lift rare earth export restrictions.

"The decision of the appellate body is a huge victory for the US," Michael Silver, chief executive of American Elements, a US-based rare earths processor, was quoted as saying by Reuters. "It confirms the existence of the two-tiered price structure that has caused so much concern."

【1】 【2】 【3】


Leave your comment0 comments

  1. Name


Selections for you

  1. China's Sany to take over Putzmeister

  2. Starbucks raises coffee prices in China

  3. Job fairs held across China after festival

  4. Let's enjoy skiing in Davos, Switzerland

Most Popular


  1. A reality check on lunar new year
  2. Riding the tide of the times
  3. EP should get fully involved in EU decision making
  4. How can Europe avoid "a lost decade?"
  5. China's success here to stay
  6. Pakistan, Afghanistan set to break deadlock
  7. Bias against China human rights "deeply rooted"
  8. Are gold prices nearing end of its upward trend?
  9. Six-party talks should not be shelved
  10. Downplaying Iran nuclear issue not a good sign

What's happening in China

Cold, foggy weather hits parts of China

  1. Starbucks raises coffee prices in China
  2. Chinese theater company to rate films for first time
  3. China regrets WTO ruling on raw material exports
  4. Younger migrant workers hope to settle in cities
  5. Private online lending deserves credit

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance