On the 13th, China received a consultation request in Geneva from the United States, the European Union, and Japan regarding the export management measures for rare earth, tungsten and molybdenum under the WTO dispute settlement mechanism. The policy objective of Chinese raw material export management is justified. The main purpose is to protect resources and the environment and achieve sustainable development. “China has no intention of restricting trade freedom, and it is not intended to protect domestic industries through distorting trade. Our policy goal is to comply with the WTO. Organizational rules."
In the view of some people in the industry, even if the issue of rare earth was pushed to the WTO, even if an adverse ruling was made, it would be a good thing if it can reverse the reform of raw material management including domestic rare earth.
Zhao Zhongxiu, deputy head of the University of International Business and Economics, believes that in the past many years, China wasted, over-exploited, and not focused on environmental protection in the process of resource extraction, which led to the accumulation of contradictions and the country could only quickly be relieved by the temporary trade policy adjustment.
The core spirit of the WTO is that it mainly focuses on the adjustment of policies rather than the result of adjustments. In other words, if the Chinese government has comprehensively adjusted its rare earth policy and has ensured consistent internal and external policies, it would be reasonable for companies to reduce foreign exports if they are driven by the market.
In fact, since the beginning of last year, China’s top executives have been making adjustments to the rare earth policy. In February 2011, the State Council Standing Conference studied and deployed policies and measures to promote the sustainable and healthy development of the rare earth industry. The meeting proposed to strive to develop a rare earth industry with reasonable development, orderly production, efficient utilization, advanced technology, and intensive development in five years or so. Healthy development pattern. In May 2011, the State Council issued the "Several Opinions on Promoting the Sustainable and Healthy Development of the Rare Earth Industry" for the first time. This is the first time that the State Council has separately issued guidelines for the rare earth industry since 2000. At the same time, it has raised rare earths to the national strategic reserve for the first time.
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