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Ministry of Commerce: China has no other trade management measures other than export licenses for rare earths

Ministry of Commerce: China has no other trade management measures other than export licenses for rare earths
Issue Time:2019-05-24

At the regular press conference on the 23rd, regarding the reporter's question whether the Ministry of Commerce believes that rare earth can be an important strategic resource and has an impact on international trade, Gao Feng cited the official document issued in 2011, saying that rare earth is not renewable. Strategic resources are increasingly used in new energy, new materials, energy conservation and environmental protection, and aerospace.He said that China currently implements export license management for rare earths, and there are no qualifications and quantity restrictions. "There is no other trade management measures."