. Space Industry and Business News .




.
TECH SPACE
WTO chief plays down China rare earth row
by Staff Writers
Tokyo (AFP) March 16, 2012


The head of the World Trade Organization on Friday 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 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."

Related Links
Space Technology News - Applications and Research




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TECH SPACE
New nanoglue is thin and supersticky
Davis CA (SPX) Mar 16, 2012
Engineers at the University of California, Davis, have invented a superthin "nanoglue" that could be used in new-generation microchip fabrication. "The material itself (say, semiconductor wafers) would break before the glue peels off," said Tingrui Pan, professor of biomedical engineering. He and his fellow researchers have filed a provisional patent. Conventional glues form a thick ... read more


TECH SPACE
WTO chief plays down China rare earth row

PayPal lets shops take payments on smartphones

UMass Amherst polymer scientists, physicists develop new way to shape thin gel sheets

New nanoglue is thin and supersticky

TECH SPACE
Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

'See Me' satellites may help ground forces

Boeing and Artel to Provide Commercial Satellite Services to US Government

TECH SPACE
The Arianespace "Power of Three" strategy is spotlighted at Washington's Satellite 2012 event

Sea Launch to Launch the Intelsat 27 Spacecraft

SpaceX Signs Launch Agreements With Asia Broadcast Satellite And Satmex

Sea Launch Selected to Launch Eutelsat's W5A Spacecraft

TECH SPACE
Navigation devices in market woes

Iris: watch how satcoms help pilots

Smartphones can help track diseases

Court ruling forces FBI to deactivate GPS to track suspects

TECH SPACE
Next supersonic plane might be a biplane

Hydrogen-powered plane completes taxi test

Airbus fears China blocking more A330 sales: source

Chinese diplomat sees airlines turning to Boeing over EU tax

TECH SPACE
Biodegradable Transistors - Made from Us

Resetting the future of MRAM

Weak growth seen in PC shipments this year: Gartner

UBC researcher invents "lab on a chip" device to study malaria

TECH SPACE
Investigation of Earth Catastrophes From the ISS: Uragan Program

Multi-Agency Satellite Begins Climate and Weather Studies

TerraSAR-X brings lively winter view into focus

SOA gains control of China's oceanic surveying satellite

TECH SPACE
Environmentally-friendly cleaning and washing

Indonesia sends illegal waste back to Britain

Dutch 'Repair Cafe' give trash a new lease of life

Variety of toxicants can harm subsequent generations


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement