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NEMA Comments on Recent WTO Rare Earth Decision

NEMA acknowledged the recent dispute settlement panel decision of the World Trade Organization (WTO) released March 26, 2014, holding that China’s export quotas and export tariffs on rare earth elements, tungsten, and molybdenum violated the General Agreement on Tariffs and Trade, and China’s accession agreement to the WTO. The Complainants included Japan, the European Union, and the United States. According to the panel report, China had “not demonstrated that its 2012 export quota on rare earths was not applied in a manner that constitutes arbitrary or unjustifiable discrimination or a disguised restriction on international trade.”

www.nema.org