CCTV.com - CNTV English - CCTV News

US requests WTO talks on China rare earth exports

03-14-2012 07:43 BJT Special Report:Rare earth restriction |

Watch Video

Play Video

US President Barack Obama has been outlining his administration's decision to formally request consultations through the World Trade Organization over China's export of rare earth minerals.

In a statement made at the White House on Tuesday, Obama said the US was in favor of dialogue, especially when it came to a key trading partner like China.

U.S. President Barack Obama delivers a statement announcing new efforts to enforce
U.S. trade rights China, from the Rose Garden of the White House in Washington, March
13, 2012.

The case centers around China’s restrictions on the export of the valuable minerals, which are used in high-tech products.

The US joins the EU and Japan in requesting consultations, in the first ever WTO dispute filed by the three economic powers.

It’s being seen in some quarters as a political maneuver by Obama, ahead of his bid for re-election in November.

Soil containing rare earth minerals waits to be loaded at a port in Lianyungang, east
China's Jiangsu province, for export to Japan in 2010.

U.S. President Barack Obama announces new efforts to enforce U.S. trade rights with
China and "level the playing field for America's businesses and workers," at the
White House in Washington March 13, 2012.

In this undated photo, chunks of chemically processed rare earths are shown in
Beijing.

 

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program