WTO Natural Resouces Ruling Not Prelude For Rare Earths

China’s WTO loss over certain natural resource exports shouldn’t overly encourage anyone who would like the same approach to be taken towards Beijing’s export restrictions on rare earths. These were introduced in 2010 to prevent environmental damage and unsustainable depletion of the country’s rare earth reserves. Beijing’s tough enforcement of them makes the case that they are a mere pretext for protectionism more difficult to sustain. Indeed, Beijing make make use of the latest WTO ruling to enforce them more vigorously and to bear down on foot dragging enterprises and local officials. China is the world’s largest supplier of rare earths. Unlike coke, zinc, bauxite and the six other raw materials whose export quotas, licences and duties the WTO has decided break world trade rules, rare earths are of such strategic importance to China’s economy and its military’s development that Beijing is not going to leave itself vulnerable to any trade challenge.
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One response to “WTO Natural Resouces Ruling Not Prelude For Rare Earths

  1. Pingback: Rare Earths Pas De Deux | China Bystander

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