Japan to negotiate with China on rare earth export quotas

According to reports by Japanese media yesterday, the Ministry of Economy, Trade and Industry of Japan recently announced the 2011 "Unfair Trade Report" and its response policy. The report stated that it will seek high-level consultations with China on the issue of rare earth export quotas.

The report listed 14 trade measures in various countries, including China's rare earth exports.

The report stated that the Japanese government will strive to solve problems through cooperation with the WTO and bilateral negotiations. According to the report, China's measures to restrict the export of rare earth resources “may violate the WTO regulations” and indicate that China will relax restrictions through high-level negotiations in the future.

In addition, after the accident at Tokyo Electric Power Co., Ltd.'s Fukushima Daiichi nuclear power plant, some countries imposed restrictions on the import of Japanese products. The report stated that it will focus on whether the move violated the WTO agreement. The "Unfair Trade Report" addresses Japan's major trading partners, and urges them to improve trade policies that violate international trade standards.

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