Bill seeking special status for India fails to pass US Senate
Source: PTI The Senate has failed to recognise India as a "global strategic and defence partner" of the US after a key amendment necessary to modify its export control regulations could not be passed. A day after Prime Minister Narendra Modi's recent address to a joint session of Congress, top Republican senator John McCain had moved an amendment to the National Defence Authorisation Act (NDAA-17) which if passed would have recognised India as a global strategic and defence partner. The US had recognised India as a "major defence partner" in a joint statement issued after Modi held talks with President Barack Obama which supported defence-related trade and technology transfer to the country which would now be treated on par with America's ...
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 ...
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 ...
