China
        

Government and Policy

Former WTO rep defends export limits on rare earth

Updated: 2011-03-06 19:16

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China's export limits on rare earth conform to the rules of the World Trade Organization (WTO), said China's former WTO representative Sunday.

Related readings:
Former WTO rep defends export limits on rare earth Minmetals seals rare earth deal
Former WTO rep defends export limits on rare earth China tackles rare earth industry reshuffle
Former WTO rep defends export limits on rare earth China to further regulate rare earth exports
Former WTO rep defends export limits on rare earth New rules regulate rare earth industry

China had imposed regulating measures on the mining, manufacturing, processing and exporting of rare earth, limiting both exports and supply to domestic companies, Sun Zhenyu told Xinhua.

"According to WTO rules, a country's regulation on a certain product to avoid resource exhaustion and environment pollution should be applied to both exporters and domestic users, and supply to both foreign and domestic markets should be cut," said Sun.

As the world's largest rare earth producer and exporter, China provides more than 90 percent of global rare earth demand, though its reserves account for only one-third of the world's total.

Sun called for the diversification of the supply of rare earth and expressed hopes that rare earth importers seek the resource from other countries.

He said China was willing to conduct technological cooperation with other rare earth producing countries.

Specials

NPC & CPPCC sessions

Lawmakers and political advisers gather in Beijing to discuss major issues.

Self-made aircraft

An automobile mechanic in Northeast China made a test flight of his self-made aircraft which cost about US$395.

Venetian Carnival

Masked revellers celebrate in Saint Mark's Square in Venice.

All about the Year of the Rabbit
President Hu visits the US
Ancient life