The Ministry of Commerce expressed regret that the industry expects that the rare earth will become the next target for Europe and the United States. On January 30, the World Trade Organization WTO Appellate Body issued a ruling on the US, EU, Mexico v. China's raw material export restrictions WTO disputes, and ruled that China The restrictions on the export of nine industrial raw materials such as bauxite and coke are in violation of WTO rules. The Chinese Ministry of Commerce issued a speech yesterday, expressing regret over this, and pointed out that it will carefully assess the WTO ruling and implement scientific management of resource products in accordance with WTO rules to achieve sustainable development. The industry expects that China's rare earths are likely to become the next target for European and American countries.
The dispute lasted for three years and the dispute originated three years ago. In June 2009, the United States and the European Union filed a lawsuit against the WTO, arguing that China adopted export quotas, export tariffs and prices for nine raw materials such as bauxite, coke, fluorite, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorus and zinc. And quantity control violates China's WTO commitments, causing other countries to be in a disadvantaged position in the production and export of steel and aluminum. Subsequently, Mexico also filed a similar lawsuit. Since then, China has appealed to the WTO. The newly released WTO Appellate Body's ruling report supported China's appeal request on several important issues and corrected some of the previous rulings of the expert group, but still ruled that China's export tax and quota for various industrial raw materials violated WTO rules. It is understood that the relevant report will become an effective ruling after the WTO dispute settlement body has passed. The ruling of
China's rare earths has attracted widespread attention in the industry, as it not only affects the export situation of nine industrial raw materials such as bauxite and coke in China, but may also involve China's rare earth exports. Since rare earth is an indispensable raw material for many important high-tech products, China's rare earth export policy has become the target of Western countries. "Once the above ruling comes into effect, the next step in the Western countries may be based on pressure to ask China to relax restrictions on rare earth exports." Zheng Yinglong, a professor at Jinan University, analyzed the report of the Yangcheng Evening News. China has imposed certain restrictions on the export of nine industrial raw materials. It should be said that it is reasonable, but it is indeed regrettable that the WTO has ruled that it does not meet the conditions of the "exceptional clause."
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