The commerce Deparment Says that the Target of Chinese Rare Earth Policy Is Legitimate

On March 13, U.S. President Barack Obama announced plans to export management measures for the three products of the Chinese Rare Earth and other proceedings regarding the Commerce Department to respond, saying that China has received the United States, European Union, Japan, in WTO disputethe request for consultations to resolve the mechanism of rare earth, tungsten, molybdenum export management measures, and stressed that the legitimate goal of the Chinese policy. China policy goal is to achieve sustainable development, in order to protect the resources and the environment, and have no intention to protect domestic industries through trade-distorting.

At present, the Commerce Department said, China has received the request for consultations, the United States, European Union, Japan under the WTO dispute settlement mechanism of rare earth, tungsten, molybdenum export management measures. Li Chenggang the same time, stressed that China previously has maintained in respect of raw materials exports policy and the parties of communication and contact, while the Chinese policy objective is to achieve sustainable development, in order to protect the resources and the environment, and have no intention to protect domestic industries through trade-distorting.