Coffman Praises Obama Administration's Action Against China's Unfair Trade Policies
Lone Tree, CO,
March 13, 2012
(LONE TREE, CO)– U.S. Rep. Mike Coffman, R-CO, chairman of Congressional Rare Earth Caucus, praised a decision today by the Obama administration to file a complaint with the World Trade Organization against China’s unfair trade policy that illegally limits the export of rare earth elements.
(LONE TREE, CO)– U.S. Rep. Mike Coffman, R-CO, chairman of Congressional Rare Earth Caucus, praised a decision today by the Obama administration to file a complaint with the World Trade Organization against China’s unfair trade policy that illegally limits the export of rare earth elements. In March and July of 2011, Coffman took the lead on bipartisan letters demanding the U.S. Trade Representative Kirk file an official complaint against China’s rare earth trade policies. In February, he sent another bipartisan letter to President Obama, in response to his State of the Union speech, asking that his new emphasis on trade fairness start first with the Chinese rare earth export policy. It again requested USTR action before the WTO on Chinese rare earth trade policy. Rare earths are 17 elements that are used in many advanced technologies, from smart phones to precision guided munitions to components necessary for the production of renewable energy. China currently controls nearly 97 percent of the world’s supply of rare earth elements and Chinese officials have cut exports of rare earth metals by 40 percent yearly since 2009. |
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