Ministry of Commerce: Right Target of Resource Product Management Policy
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“We have noticed that the WTO has recently issued an appeal ruling on the US and Europe’s export restrictions on raw materials in China.†Shen Danyang said that the Chinese government has always attached importance to the rules and abide by its commitments. China will seriously evaluate the WTO’s ruling and according to the WTO The rules implement scientific management of resource products.
In particular, he pointed out: "How to implement scientific and effective management of resource products is a matter of universal concern to all countries in the world. The WTO rules allow members to adopt necessary measures to achieve the policy objectives of protecting resources and the environment."
He reiterated that in order to cope with global climate change and better protect the environment and resources, the Chinese government has strengthened and continuously improved the management of some resource products, especially "two high and one capital" products, including the management of rare earths. The goal of China’s relevant policies is justified.