WTO’s ruling on the ‘rampant illegal rare earth production’ Noticed this on the Stockhouse's main page though no surprise...
https://www.stockhouse.com/blogs/china-rare-earths-intel/august-2014/wto%E2%80%99s-ruling-on-the-%E2%80%98rampant-illegal-rare-earth-production%E2%80%99-in-china-force-rapid-regulatio
Posted on August 15, 2014 by Hongpo Shen--As a result of the WTO Appellate Body issued its report on August 7th, while it has upheld a ruling that China violated international trade rules with restrictions on the export of rare earths, China’s Ministry of Commerce (MOFCOM) responded to this ruling with a statement saying that it regretted the WTO’s reaffirmation of its earlier ruling, according to the Xinhua News Agency. The MOFCOM also reportedly vowed to study the decision and adopt measures which are in accordance with the WTO rules in the future. Despite the MOFCOM has not yet announced its countermeasures, however, I think that it’s difficult to avoid the removal of export quotas and tariffs on rare earth since next year. “For a WTO rare earth lawsuit case, the state has adopted a series of policies and measures to better coordinate rare earth development”. Gan Yong, deputy director of the Chinese Academy of Engineering and head of the Association of China Rare Earth Industry (ACREI), said at the Baotou China Rare Earth Industry Forum. “To remove rare earth export quotas as an industrial management mechanism, it would be more difficult for the Chinese government to regulate the industry. Therefore the government needs to formulate new countermeasures to ensure the rare earth operation in accordance with the law and regulations,” Gan Yong added. - See more at: https://investorintel.com/rare-earth-intel/china-currently-sits-difficult-inflection-point-wtos-final-ruling-rare-earth/#sthash.GvqLsASK.dpuf
Read more at https://www.stockhouse.com/blogs/china-rare-earths-intel/august-2014/wto%E2%80%99s-ruling-on-the-%E2%80%98rampant-illegal-rare-earth-production%E2%80%99-in-china-force-rapid-regulatio#f4juSTHApSSPe6yE.99