How China Came to Dominate the Rare Earth Industry

2017 ◽  
Author(s):  
Sophia Kalantzakos
Keyword(s):  
United States ◽  
European Union ◽  
Rare Earth ◽  
Rare Earths ◽  
World Trade ◽  
The United States ◽  
The European Union ◽  
Republic Of China ◽  
The World ◽  
Control Production

Once a leader in the production and trading of rare earths, the United States relinquished the reins to China in the 1990s. The People’s Republic of China declared rare earths “protected and strategic materials” and proceeded to control production and processing, introduced export quotas, and sought to dominate the supply chain for crucial applications. It also made investments in mines worldwide. The 2010 crisis caused a parabolic rise in prices, leading the United States, the European Union, and Japan to file a complaint against China at the World Trade Organization, in 2012, and to launch trilateral cooperation workshops, starting in 2011, to promote recycling, substitution, and innovation. China lost its WTO appeal and removed the export quotas in May 2015. The market corrected itself, and it may seem today that China lost an initial battle; but closer examination indicates that it may not have lost the war.

scholarly journals The Differentiation of Products and Opportunity for Intra-Industry Exchange

2020 ◽  
Vol 13 (9) ◽  
pp. 88
Author(s):  
Jean-Sylvain Ndo Ndong
Keyword(s):  
United States ◽  
European Union ◽  
United States Of America ◽  
World Trade ◽  
The United States ◽  
Improve Product Quality ◽  
The European Union ◽  
Donald Trump ◽  
American President ◽  
The World

The financial crisis of the late 2000s gave rise to protectionist hints which called into question the consensus on the liberalization of world trade since the creation of the World Trade Organization (WTO) in 1995. This trend towards protectionism has taken on new magnitude with the arrival of Donald Trump as President of the United States of America. In fact, since the beginning of 2018, the American administration has carried out its threats by imposing customs duties on imports of the various products from China and the European Union. In retaliation, the countries concerned responded with restrictions on American exports to their territory. Also the rationality of the market economy, there is more and more opposed the power of emotions and impulses embodied by the populists at the head of which D. Trump, the American President. Globalization is therefore required to adapt its rules to survive. The purpose of this paper is to show that for a good adaptation of its rules, it is necessary to activate one of the most powerful levers of gains in international trade, the differentiation of products. This is a response to the exploitation of the diversification and heterogeneity of demand in terms of tastes and incomes. Because, by allowing the firm to differentiate its products to distinguish them from those of competitors, differentiation offers the opportunity to soften competition, increase profits and improve product quality.

The World Trade Organization and the European Union

2020 ◽  
Author(s):  
Jens Ladefoged Mortensen
Keyword(s):  
United States ◽  
European Union ◽  
World Trade ◽  
Trade Agreements ◽  
The United States ◽  
The European Union ◽  
Current Crisis ◽  
The World ◽  
Sustainable Trade ◽  
The Eu

In a time of trade wars, free trade skepticism, tech rivalry, and multipolar disorder, the European Union (EU) cannot evade its responsibilities the last defender of the World Trade Organization (WTO). Yet, it raises the question of whether the EU has power to defend the WTO. The EU is a multilateralist-oriented power of global magnitude. Unlike the United States, the EU is openly defending the WTO in the current crisis created by continued refusal to appointment WTO Appellate Body members. Like the United States, the EU is concerned with the illegitimate trade practices of China. Yet, the EU uses diplomatic pressure on China within the rules of the WTO. The EU is actively trying to rescue the rule-based trade system. Yet, it cannot do so alone. It needs support, not just form other WTO members but also from within Europe itself. The current crisis is in part rooted in the inability of the WTO members to update the WTO rulebook. The focus will be on the potential clash between a more assertive EU on sustainability and the absence of updated WTO rules on sustainable trade issues. This may force the EU to confront a deep-rooted policy dilemma. The question is whether the EU should continue to refrain from using its market power to promote sustainable trade in respect of the WTO. As the EU is about to ratify several bilateral trade agreements of commercial, geo-economic, and indeed geo-political importance, such as the EU–Mercosur or EU–Vietnam agreements, the rule-orientation of the EU faces growing domestic opposition as well as external contestation. Furthermore, the EU is modernizing its trade defense weaponry, the antidumping instrument, and has recently declared its intent to impose unilateral climate-related trade policy measures, the carbon-adjustment tariff, in the future. Thus, an incident such as the burning of the Amazon forest may force the EU to take a tougher stance on sustainability at the risk of bringing the EU on a collision course with the WTO itself, its rules, process, and member states. Consequently, the complex setup of the EU as a trade power could make it difficult to ratify WTO-compatible trade agreements in the future.

The New Dispute Settlement:From the GATT to the WTO

1995 ◽  
Vol 8 (1) ◽  
pp. 115-133 ◽  
Author(s):  
Amelia Porges
Keyword(s):  
United States ◽  
European Union ◽  
World Trade ◽  
Dispute Settlement ◽  
The United States ◽  
The European Union ◽  
New Era ◽  
International Dispute ◽  
The World ◽  
Settlement Of Disputes

On 30 December 1994 in Geneva, the four major players in world trade -the United States, the European Union, Japan, andCanada - accepted the Agreement Establishing the World Trade Organization (WTO Agreement).The entry into force of the Agreement on 1 January 1995 brings both expanded and improved trade rules and greatly improved enforcement. We have entered a new era in international dispute settlement. This brief article discusses the Understanding on Rules and Procedures Governing the Settlement of Disputes in Annex 2 of the WTO Agreement, the negotiating process that led to it, and the implementation of the Understanding in the United States.

scholarly journals Boeing and Airbus: Duopoly in Jeopardy?

2011 ◽  
Vol 11 (1) ◽  
pp. 1850222
Author(s):  
John Olienyk ◽  
Robert J. Carbaugh
Keyword(s):  
United States ◽  
European Union ◽  
World Trade Organization ◽  
World Trade ◽  
The United States ◽  
Competitive Environment ◽  
The European Union ◽  
Commercial Aircraft ◽  
The World ◽  
The Future

For decades, Boeing and Airbus have struggled for dominance in the large commercial aircraft market. In 2010 and 2011, the World Trade Organization ruled that each firm has received illegal subsidies from the governments of the United States and the European Union, which have enhanced their competitive positions. This paper considers the nature of these rulings and the future competitive environment in the global jetliner industry.

Germany's relations with the United States and China from a strategic triangle perspective

2021 ◽  
Author(s):  
Sebastian Biba
Keyword(s):  
United States ◽  
European Union ◽  
The United States ◽  
Great Power ◽  
The European Union ◽  
Bilateral Relations ◽  
Puzzle Piece ◽  
The Us ◽  
The World ◽  
Angela Merkel

Abstract As the Sino-American Great Power competition continues to intensify, newly-elected US President Joe Biden's administration now seeks to enlist the support of its allies and partners around the world. As Europe's largest economy and a, if not the, leading voice within the European Union, Germany represents an important puzzle-piece for Biden. But Germany, at least under outgoing chancellor Angela Merkel, has been reluctant to take sides. It is against this backdrop that this article looks into Germany's past and present trilateral relationships with the US and China through the theoretical lens of the so-called strategic triangle approach. Applying this approach, the article seeks to trace and explain German behaviour, as well as to elucidate the opportunities and pitfalls that have come with it. The article demonstrates that Germany's recently gained position as a ‘pivot’ (two positive bilateral relationships) between the US and Chinese ‘wings’ (positive bilateral relations with Germany and negative bilateral relations with each other) is desirable from the perspective of the strategic triangle. At the same time, being pivot is also challenging and hard to maintain. Alternative options, such as entering a US–German ‘marriage’ directed against China, are also problematic. The article therefore concludes that Germany has tough decisions to take going forward.

scholarly journals Elements of global superiority of The People's Republic of China in the 21st century

Napredak ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 77-102
Author(s):  
Žarko Obradović
Keyword(s):  
United States ◽  
European Union ◽  
21St Century ◽  
The United States ◽  
People’S Republic Of China ◽  
The European Union ◽  
People's Republic Of China ◽  
Republic Of China ◽  
Belt And Road ◽  
The Belt And Road

The Chinese state has existed for more than five thousand years and in the history of human society it has always presented its own specific civilizational attainment, which exerted a considerable influence on the Asian region. In the years since its creation on October 1, 1949, and especially in the last decade, New China has stepped out beyond the region of Asia onto the global scene. With its economic power and international development projects (amongst which the Belt and Road projects stands out), China has become a leader of development and the promoter of the idea of international cooperation in the interests of peace and security in the world and the protection of the future of mankind. This paper will attempt to delineate the elements of the development of the People's Republic of China in the 21st century, placing a special focus on the realization of the Belt and Road initiative and the results of the struggle against the Covid-19 pandemic, all of which have made China an essential factor in the power relations between great global forces and the resultant change of attitude of the United States of America and the European Union towards China. Namely, China has always been a large country in terms of the size of its territory and population, but it is in the 21st century that the PR of China has become a strong state with the status of a global power. Such results in the organization of society and the state, the promotion of new development ideas and the achievement of set goals, would not have been possible without the Communist Party of China, as the main ideological, integrative and organizational factor within Chinese society. In its activities, the Chinese state sublimates the experiences of China's past with an understanding of the present moment in the international community and the need of Chinese citizens to improve the quality of life and to ensure stable development of the country. The United States and the European Union are taking various measures to oppose the strengthening of the People's Republic of China. These include looking after their interests and preserving their position in the international community, while simultaneously trying, if possible, to avoid jeopardizing their economic cooperation with China.

Sustainable Agriculture The United States versus the European Union

2010 ◽  
Vol 1 (4) ◽  
pp. 26-31 ◽  
Author(s):  
Carson H. Varner ◽  
Katrin C. Varner
Keyword(s):  
United States ◽  
European Union ◽  
Genetically Modified Crops ◽  
The United States ◽  
World Population ◽  
The European Union ◽  
Sustainability Issue ◽  
The World ◽  
Two Sides

This paper examines developing issues and attitudes that unite and divide the United States and the European Union as the discussion and regulation of agriculture evolves. While some terms, such as “organic,” are defined in law in both the United States and European Union, the increasingly used “sustainability” is an evolving concept. The main sustainability issue is how to provide food and fiber for a rapidly growing world population. In this context, the role of biotechnology is questioned. Americans tend to favor what are sometimes called genetically modified crops, while Europeans remain cautious. Europeans lean more toward organic farming, while Americans assert that much of the world will starve if organic methods are required. This paper reviews the directions that the discussion of these issues is taking and will show areas of agreement and where the two sides diverge.

scholarly journals Matrix Hard - The Impact of Technological, Economic and Social Indicators on Productivity and Competitiveness

2020 ◽  
Vol 3 (4) ◽  
pp. 37-44
Author(s):  
Marina Popa ◽  
Maia Pisaniuc
Keyword(s):  
United States ◽  
European Union ◽  
World Economy ◽  
Social Indicators ◽  
The United States ◽  
The European Union ◽  
The World ◽  
The Impact ◽  
Productivity And Competitiveness ◽  
Economic And Social Indicators

The objective of this research is to demonstrate the impact of technological, economic and social indicators on productivity and competitiveness through the HARD Matrix method, proposed by the European Commission. The level of economic development of different countries, as well as the degree of diversification and specialization of their world production, determines the degree of integration of national economies in the world economy that differs considerably by country and group of countries. The expansion and amplification of the internationalization process have substantially changed the place and role of each state in the world economy. Due to this process, today's world economy is no longer a simple sum of economies put in contact, but a global-universal system, unitary through the interrelationships between the component subsystems and its extremely heterogeneous structure. In the twenty first-century, the process of amplifying innovation, the net economy, and the Covid 19 pandemic have shaped new trends in the world countries and determined the balance of power between the three great empires of the world – the United States, the European Union, and China. At the same time, there are no similar links between the United States, the European Union and China, they do not share the same culture, do not share the same geographic space, and do not use the same models of economic development, but all of them consider innovation, sophisticated business, technology, safe tools in promoting economic growth and competitiveness.

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