Real changes in Chinas exports of rare earths to come in May 2015
The Dollar Business Bureau This week, China ended a quota system on exports of rare earths following a World Trade Organisation (WTO) panel ruling last year. However, real changes can be felt only after May this year when the government makes key changes in duties on exports of rare earths. China is the world’s largest producer of rare earths which are key raw materials used to make electronic goods, computers and several other high technology goods. China’s share of world’s rare earth production stands at around 90% and India is also dependent on imports of such metals from China and other countries for the production of products such as CFLs and LED Lighting. However, China imposed several trade ...
China removes export quota on rare earth minerals
The Dollar Business Rare earth metals are important raw materials used in the production of high-tech products such as mobile phones, LEDs and missiles China has ended a decade-old quota on export quantities of rare earths such as tungsten and molybdenum, after the World Trade Organisation’s (WTO) Dispute Settlement Body (DSB) adopted the Appellate Body report last year which termed such restrictions as a breach of the WTO rules. China is the world’s largest producer of rare earths which are key raw materials used to make electronic goods, computers and several other high technology goods such as missiles and mobile phones. China’s share of world’s rare earth production stands at around 90% and impacts world economy and trade significantly. India ...
WTO Appellate Body rules in Indias favour over CVD on steel imports by USA
Bidhu Bhushan Palo | The Dollar Business Hot Rolled Carbon Steel Flat Products are usually used in the manufacture of durable products such as automobiles, heavy machinery, pipes, and construction products. The Appellate Body of the World Trade Organisation, the highest authority in dispute settlement among members, has ruled largely in favour of India regarding countervailing duties (CVD) imposed by USA on imports of Carbon Steel Flat Products from India. According to India’s Ministry of Commerce, the United States Department of Commerce (US DOC) had imposed Countervailing Duty (CVD) on India’s exports of Hot Rolled Carbon Steel Flat Products, which affected adversely India’s steel exports. One of the claims made by USA was over procurement of subsidised coal and iron ...
RTAs cant replace multilateral trading system: WTO chief
The Dollar Business Bureau | @TheDollarBiz Multilateral trading system has strong support across the world, says WTO chief Roberto Azevêdo Roberto Azevêdo, Director-General of the World Trade Organisation (WTO), said that while Regional Trade Agreements (RTAs) are growing and important for global trade, they cannot replace multilateral trading system. According to the WTO, RTAs have grown significantly in the past two decades; the WTO has been notified of 253 RTAs which suggests an average of 24 RTAs per year. However, growing popularity does not mean that everything is fine with RTAs. Around one-fifth of RTAs are now large trade agreements involving more than two countries and WTO says that around 20% of the disputes now involve a RTA partner. Apart ...
Chinas export restrictions on rare earths breach WTO rules: Dispute Settlement Body
The move forces China to implement the ruling within a reasonable period of time and remove export restrictions on rare earth metals The Dollar Business Bureau | @TheDollarBiz The World Trade Organisations (WTO) Dispute Settlement Body (DSB), which oversees disputes among WTO members, has adopted the Appellate Body report that says that Chinas export restrictions on rare earths, tungsten and molybdenum breach WTO rules and are not justified under Article XX of the GATT 1994. China is the worlds largest producer of rare earths, tungsten and molybdenum, which are key raw materials used to make electronic goods, computers and several other high technology goods such as weapons, turbines, mobile phones, lenses and TVs. Chinas share of worlds rare earth production stands at a ...
