. Energy News .




.
TRADE WARS
EU, US, Japan take 'rare earth' dispute with China to WTO
by Staff Writers
Geneva (AFP) March 13, 2012


The EU, US and Japan joined forces against China by taking a so-called "rare earths" trade dispute, critical to high-tech industries, to the World Trade Organization on Tuesday.

"I can confirm that we have received a joint complaint on the rare earth question from the United States, European Union and Japan," a WTO spokesman told AFP.

China is the world's biggest producer of rare earths -- 17 elements critical to the making of high-tech products from iPods to missiles -- and its moves to control Chinese production and exports have raised a global outcry.

In Washington, US Trade Representative Ron Kirk said that the United States had laid a complaint, commenting that China "continued to make its export restraints more restrictive, resulting in massive distortions and harmful disruptions in supply chains for these materials throughout the global marketplace."

He said: "Because China is a top global producer for these key inputs, its harmful policies artificially increase prices for the inputs outside of China while lowering prices in China."

A short time earlier, the European Union announced it was joining the US and Japan in making the complaint, formally requesting "dispute settlement consultations" with China at the World Trade Organization, the first step in any bid to settle trade disputes.

It is the second EU challenge over Chinese trade in raw materials at the WTO, after the Geneva-based body earlier this year found China to have restricted exports of raw materials such as bauxite, zinc or magnesium.

Details from the complaint on rare earths have still not been made public.

"China's restrictions on rare earths and other products violate international trade rules and must be removed," EU Trade Commissioner Karel De Gucht said in a statement announcing the challenge.

"Despite the clear ruling of the WTO in our first dispute on raw materials, China has made no attempt to remove the other export restrictions," said De Gucht.

"This leaves us no choice but to challenge China's export regime again to ensure fair access for our businesses to these materials," he added.

Earlier on Tuesday, Beijing defended its restrictions on exports, saying that they complied with WTO rules and cited concerns about the environment.

"Based on environmental protection and in order to achieve sustainable development, China carries out management policies over the export of rare earths," foreign ministry spokesman Liu Weimin said.

"We believe such measures comply with WTO rules."

Critics say Beijing's strategy is aimed at driving up global prices of the metals and forcing foreign firms to relocate to the country to access them.

But Beijing says the restrictions are necessary to conserve the highly sought-after natural resource, limit harm to the environment from excessive mining and meet domestic demand.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




EU joins US, Japan in 'rare earth' trade case against China
Brussels (AFP) March 13, 2012 - The European Union joined the United States and Japan on Tuesday in a new complaint to the WTO against China over its restrictions on the export of rare earths used in high-tech products.

"China's restrictions on rare earths and other products violate international trade rules and must be removed," EU Trade Commissioner Karel De Gucht said in a statement announcing the challenge.

Together with the US and Japan, the EU formally requested "dispute settlement consultations" with China at the World Trade Organization, the first step in any bid to settle trade rows.

It is the second EU challenge over Chinese trade in raw materials at the WTO, after the Geneva-based body earlier this year ruled in favour of the EU.

China is the world's biggest producer of rare earths -- 17 elements critical to the making of high-tech products from iPods to missiles -- and its moves to dictate production and exports have raised a global outcry.

"Despite the clear rulung of the WTO in our first dispute on raw materials, China has made no attempt to remove the other export restrictions," said De Gucht.

"This leaves us no choice but to challenge China's export regime again to ensure fair accecss for our businesses to these materials," he added.

Earlier on Tuesday, Beijing defended its restrictions on exports, saying that they complied with WTO rules.

"Based on environmental protection and in order to achieve sustainable development, China carries out management policies over the export of rare earths," foreign ministry spokesman Liu Weimin said.

"We believe such measures comply with WTO rules."

US President Barack Obama is expected to announce later on Tuesday that the United States too will bring a new suit against China at the WTO over the restrictions.

Critics say Beijing's strategy is aimed at driving up global prices of the metals and forcing foreign firms to relocate to the country to access them.

But Beijing says the restrictions are necessary to conserve the highly sought-after natural resource, limit harm to the environment from excessive mining and meet domestic demand.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Argentina toughens curbs on imports
Buenos Aires (UPI) Mar 13, 2012
Argentina is toughening restrictions on imports as part of a government strategy that aims to reduce a drain on foreign currency earnings and stimulate local manufacturing. No one seems quite sure if the plan will work. Argentine President Cristina Fernandez de Kirchner has angered the country's import businesses with curbs that critics say are ill-conceived. Fernandez has also upset La ... read more


TRADE WARS
Iran to build power plant in Syria

Saving power, saving money

ORNL-led team advances science of carbon accounting

Brazil's MPX to appeal court's rejection of power plant

TRADE WARS
Oil prices fall as China data sparks fresh demand worries

French Total seeks business in Iraqi Kurdistan: chief

S. Korea's rejects China's claim on disputed reef

Total, Kuwait's KPC sign China refinery agreement

TRADE WARS
US wind generation increases by 27 percent

S.Africa unveils wind atlas in renewable energy push

Masdar of Abu Dhabi procures two ZephIR 300 wind lidars

Raytheon to Supply Wind Turbine Mitigation Technology to the Netherlands Ministry of Defence

TRADE WARS
Calif. bill would boost renewable energy

Tamil Nadu's new solar energy policy to add 3,000 MW

Germany to cut solar power subsidies

Fukushima prefecture aims for green power

TRADE WARS
Kolkata protest against PM comment on Kudankulam project

Activists tap court to block Japan reactor restart

UN nuclear body says ageing reactors fuel safety concerns

Responding to the Radiation Threat

TRADE WARS
Advanced Biofuels Industry Leaders Urge US Congressional Leaders to Extend Critical Tax Provisions

The Future of Ethanol - Brazilian and US Perspectives

For Lower Gasoline Prices, We Need E100 Engines, Not the Keystone XL Pipeline

Scania Switches to Fossil-Free Fuel in Internal Transport Services

TRADE WARS
Three for Tiangong

China hopes to send Long March-5 rocket into space in 2014

Upgraded carrier rocket ready for China's first manned space docking

Long March 7 carrier rocket to lift off in five years

TRADE WARS
Seychelles' idyllic habitat at risk from climate change

Asia climate disasters displace 42 million: ADB

Ice hockey feels the heat in Canada

New Research Helps to Identify Ancient Droughts in China


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement