综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Business

Export quota system for rare earths abolished

By Wang Zhuoqiong | China Daily | Updated: 2015-01-06 08:41

Export quota system for rare earths abolished

Rare earths products being tested by a scientist at a hightech company in Beijing. China has ended its quota system previously aimed at restricting exports of rare earths.?? Jin Liwang / Xinhua

China has ended a quota system previously aimed at restricting exports of rare earths, a move in line with a World Trade Organization panel ruling last March.

The Ministry of Commerce issued a notice at the end of December that abolished export quotas for rare earths, key elements in defence industry components and modern technology ranging from iPhones to wind turbines. The abolished export quotas also include tungsten, molybdenum and fluorspar.

Chen Zhanheng, deputy secretary-general of the China Rare Earths Industry Association, said the removal of the quota system is expected to increase the number of exporting companies and that competition for exports will become fiercer, which in turn is likely to push up the price of the rare earths after prices hit rock bottom last year.

Chen said previously there were 28 rare earths producers working under the export quotas. Now any company with export contract is eligible to export.

Du Shuaibing, an analyst at natural resources consultancy Baichuan Information, however, said he thinks the removal will have little impact on the market as the export quota system had been "invisible" in recent years in any case, since actual export volumes fell short of the quotas.

He said the major impact will come when a tariff of 15 to 25 percent is expected to be removed in May.

Chen predicts the tariff will be lifted by June resulting in price competition across the global rare earths market as Chinese export prices lower.

China produces more than 90 percent of global rare earths, effectively giving it control of supply of a group of key elements used in sectors such as defence and renewable energy.

The country raised tariffs and imposed strict quotas in 2010 to not only protect its scarce resources but also reduce the environmental impact of their extraction, but importers in Japan, Europe and the United States complained that the move breached trade rules.

China was widely expected to abolish the quota system and replace it with resource and environmental taxes following the WTO ruling in March last year.

The government has said it sought to improve China's pricing power over rare earths by imposing strict domestic production caps and cracking down on illegal production and smuggling.

It has also raised environmental and production standards and encouraged big State-owned firms to integrate with smaller producers.

wangzhuoqiong@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
炉霍县| 乌什县| 广昌县| 新密市| 宜春市| 合江县| 江都市| 井陉县| 古浪县| 浑源县| 宁津县| 无为县| 巴中市| 临高县| 九龙城区| 崇仁县| 沁阳市| 安吉县| 买车| 龙井市| 永兴县| 宾川县| 大渡口区| 柯坪县| 永德县| 华亭县| 高淳县| 个旧市| 呼和浩特市| 新宁县| 平山县| 乐东| 思茅市| 乌鲁木齐县| 崇仁县| 察雅县| 阿尔山市| 公安县| 鹰潭市| 株洲县| 若尔盖县|