Arab Today, arab today wto chief plays down china rare earth row
Last Updated : GMT 00:57:03
Arab Today, arab today
Arab Today, arab today

WTO chief plays down China rare earth row

Arab Today, arab today

Arab Today, arab today WTO chief plays down China rare earth row

Tokyo - AFP

The head of the World Trade Organization played down a dispute over China\'s controls on exports of rare earth minerals, saying it was unlikely to escalate into a trade war. The United States, European Union and Japan have lodged a complaint with the WTO against China over its curbs on the shipments of the commodities, which are vital in the manufacture of high-tech goods. But Pascal Lamy Friday said: \"Since the dispute settlement has been set up, no trade dispute has generated a trade war. That\'s the experience of the past. \"I have no reason to doubt that... it will be different now. \"I do understand that the headline about trade wars (is) better than the headline about trade frictions. But that\'s not a reality so far.\" However, Lamy, who on Thursday met Japanese Prime Minister Yoshihiko Noda, refused to be drawn further. \"Whenever a question is raised regarding an ongoing mitigation, the DG (director-general) of the WTO should shut up. That\'s what I\'m going to do,\" he told a news conference. The three economic powers claimed that China -- which produces 97 percent of the world\'s supply of rare earths such as lutetium and scandium -- was unfairly benefiting its own industries by monopolising global supply. The complaint argues Beijing places restrictions on the export of 17 rare elements as well as tungsten and molybdenum. Used to make a range of high tech products, including powerful magnets, batteries, and LED lights, they find their way into electric cars, iPods, lasers, wind turbines and missiles. Lamy said it was natural that there would be disagreements between WTO newcomer China and other countries. \"Notably since China stepped in, there are frictions,\" Lamy said. \"Trade frictions are a statistical proportion of the volume of trade.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wto chief plays down china rare earth row Arab Today, arab today wto chief plays down china rare earth row

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday