. Medical and Hospital News .




.
TECH SPACE
China says rare earths practices meet WTO rules
by Staff Writers
Beijing (AFP) June 20, 2012


China said Wednesday its regulation of the rare earths industry was in line with global trade rules, as it faces international pressure over its control of the crucial elements.

The United States, European Union (EU), Japan and Canada lodged a complaint with the World Trade Organization (WTO) in March, claiming Beijing was unfairly choking off exports of the commodities to benefit domestic industries.

China produces more than 90 percent of the world's rare earths, which are used in high-tech equipment from iPods to missiles, and has set output caps and export quotas on the coveted resources.

Gao Yunhu, vice director of the rare earths office of the Ministry of Industry and Information Technology, said its management of the industry was "in full compliance with WTO rules".

"China is willing to cooperate with relevant parties to resolve the issue at an early date," Gao told a news conference at the release of a white paper on rare earth use, protection and trade.

But he added: "China will actively use WTO rules to protect the legitimate rights and interests of the country."

The WTO said the case is now in the consultation phase, the first stage of dispute settlement in which the parties involved try to resolve the issue among themselves before resorting to litigation.

China has previously defended its practices, saying they aim to protect the resources and the environment as part of an effort to promote sustainable development.

The United States and others involved in the WTO case say China's export quotas unfairly restrict overseas sales.

China has so far granted companies the right to export 21,226 tonnes of rare earths this year, although such quotas are not always fully used. The government could also extend the limits.

In 2011, the government granted rare earth export quotas of 30,200 tonnes but only 18,600 tonnes were exported, Vice Minister of Industry and Information Technology Su Bo told the news conference.

According to the just-released policy paper, 56 percent of China's rare earth exports last year went to Japan and 14 percent to the United States. EU member countries accounted for at least 17 percent in 2011.

Su pledged that China would maintain supply to the international market, but Beijing hoped other countries would "share the responsibilities". He added China opposed attempts to "politicise" the issue.

"China opposes politicising the rare earth issue. China has never jockeyed for any economic or political interests," he said.

The country's rare earth industry was worth just over 80 billion yuan ($12.6 billion) last year, Su said.

Another official, director of the ministry's rare earths office Jia Yinsong, said China's rare earth reserves were 18.59 million tonnes in 2009 -- or 23 percent of the world's total -- denying foreign estimates of 36 percent.

Related Links
Space Technology News - Applications and Research




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




.

. 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



TECH SPACE
Ionic liquid improves speed and efficiency of hydrogen-producing catalyst
Richland, WA (SPX) Jun 20, 2012
The design of a nature-inspired material that can make energy-storing hydrogen gas has gone holistic. Usually, tweaking the design of this particular catalyst - a work in progress for cheaper, better fuel cells - results in either faster or more energy efficient production but not both. Now, researchers have found a condition that creates hydrogen faster without a loss in efficiency. And, ... read more


TECH SPACE
Nearly 15 million people displaced by disasters in 2011

Experts discuss better nuclear disaster communication

Afghan quake rescue operation declared over

Japan to develop drones to monitor radiation

TECH SPACE
GPS being used as weather forecast tool

Apple fends off Android challenge with maps, Siri

Boeing, Raytheon and Harris to Pursue GPS Control Segment Sustainment Contract

Revamped Google maps goes offline for mobile

TECH SPACE
The Rare Biosphere of the Human Body

Expanding waistlines threaten the planet: researchers

More people, more environmental stress

How infectious disease may have shaped human origins

TECH SPACE
Herbivores select on floral architecture in a South African bird-pollinated plant

Loss of biodiversity increasingly threatens human well-being

Brazil picks up the baton for struggling UN summit

Stealing life's building blocks

TECH SPACE
HIV may have returned in 'cured' patient: scientists

Mama Portia dishes out help for AIDS orphans

Revealed: Secret of HIV's natural born killers

New study shows why swine flu virus develops drug resistance

TECH SPACE
Dalai Lama forms unlikely double act on UK tour

China urges eurozone cooperation to resolve crisis

China hit by another self-immolation: state media

China boycotts religious event over Tibet presence

TECH SPACE
Incidence, types of marine piracy studied

Somali Islamists fire on foreign warships

Iran navy saves US freighter from pirates: report

Jailing of marines hitting anti-piracy efforts: Italy

TECH SPACE
World leaders weigh 'green' economy at Rio summit

China, India step up global role with fund

Outside View: Averting financial meltdown

Rio+20: Relief but few smiles as deal forged on eve of summit


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