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Obama warns China against rare earth export curbs

Last Updated: Tuesday, March 13, 2012 - 23:25

Washington: US President Barack Obama on Tuesday
warned China against its alleged unfair export restrictions on
rare earths.

Obama`s warning came as his administration along with the
European Union and Japan sought consultations with China at
World Trade Organisation (WTO) with regard to its alleged
unfair export curbs on rare earths, tungsten and molybdenum.

"You will not get away with skirting the rules,? Obama
told reporters at a Rose Garden, White House news conference,
adding that this is the notice to his competitors.

Washington: US President Barack Obama on Tuesday
warned China against its alleged unfair export restrictions on
rare earths.

Obama`s warning came as his administration along with the
European Union and Japan sought consultations with China at
World Trade Organisation (WTO) with regard to its alleged
unfair export curbs on rare earths, tungsten and molybdenum.

"You will not get away with skirting the rules,? Obama
told reporters at a Rose Garden, White House news conference,
adding that this is the notice to his competitors.

"We want our companies building those products right here
in America. But to do that, American manufacturers need to
have access to rare earth materials, which China supplies.

Now, if China would simply let the market work on its own,
we`d have no objections.

"But their policies currently are preventing that from
happening, and they go against the very rules that China
agreed to follow," Obama alleged.

The administration will bring this case against China
today, and will keep working every single day to give American
workers and American businesses a fair shot in the global
economy, he said.

"America needs to get back to doing what it`s always done
best: a country that builds and sells products all over the
world that are stamped with the proud words, `Made in
America`. That`s how we create good middle-class jobs at home,
and that`s how we`re going to create an economy that`s built
to last," Obama said.

PTI



First Published: Tuesday, March 13, 2012 - 23:25

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