March 26,2014

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Wyden Praises WTO Ruling on Chinese Rare Earths

WASHINGTON –Senate Finance Committee Chairman Ron Wyden, D-Ore., today praised the World Trade Organization ruling on China’s export policies for rare-earth elements.

“The World Trade Organization’s decision sends a strong message to China that its mercantilist trade restrictions on rare earth elements have no place in the 21st Century. Today’s ruling is a clear win for the United States, for rules-based trade, and for American high-tech manufacturing jobs that depend on a stable supply of these products. I intend to ensure the United States continues to make enforcing global trade rules a clear priority, ” Wyden said.

“To compete in the global, high-tech economy for decades to come – and secure the jobs that come with it – the United States also needs to develop a stable rare earths supply chain here in America, which is why Sen. Murkowski and I have introduced legislation to do just that.”