WTO

China will reform its export of rare earths based in part on World Trade Organization rules, state media reported today, a day after the global trade governing body ruled against its curbs on exports.

The Ministry of Commerce will study and take steps forward in rare-earth export management, "according to relevant laws and World Trade Organization rules," the official Xinhua news agency quoted China's vice commerce minister, Zhong Shan, as saying.

The WTO ruled yesterday that China broke international law when it curbed exports of coveted raw materials such as bauxite, coke, and magnesium used in the production of steel, electronics, and medicines.

That ruling, initiated by a complaint filed by the United States, the European Union, and Mexico in 2009, was seen as a landmark that could have implications for the legality of China's rare-earth export quotas.

China produces 97 percent of the world's supplies of rare earths, a group of 17 minerals used in electronics and defense and renewable-energy industries. … Read more

We stayed on the rails pretty well in this episode, but there's a whole long thing about cake toward the end that the chat room dubbed "nerd freestyle" and, well, we love that. In other news, new TiVo underwhelms a bit (other than the remote) and Viacom goes all anti-Internet with "The Daily Show" and "The Colbert Report." That's the cake part.

TiVo unveils Series4 ‘Premiere’ DVRs with enhanced online integration http://news.cnet.com/8301-17938_105-10462438-1.html?… Read more

Another reminder about music sites that sound too good to be true arrived in my in-box Friday.

Earlier this month, I blogged about Zookz, a new site currently in beta testing that allows users to download an unlimited number of MP3 audio files or MP4 video files for a single monthly fee ($9.95 for audio or video only; $17.95 for both). This seems to be an amazing deal compared with similar services--eMusic, for instance, offers a limited number of downloads for a monthly fee, and all-you-can-eat subscription services like the Zune Marketplace disable some portion of your … Read more

The European Commission has proposed a revision of the Information Technology Agreement, a trade pact that for the past decade has helped keep down prices for IT-related goods across the world.

The ITA came into being in 1996 at a World Trade Organization meeting in Singapore. The pact involved the elimination of international trade tariffs on certain products, ranging from flat-panel displays to inkjet printers. The ITA currently has 43 signatories, representing 70 members and states or customs territories.

In August this year, the United States, Japan, and Taiwan complained to the WTO that Europe was placing tariffs on three … Read more

Should Allofmp3.com reappear, as the controversial online music store has promised, it likely will doom its country's chances of joining the World Trade Organization this year.

"We remain committed to helping Russia make it into the WTO," said Sean Spicer, a spokesman for the U.S. Trade Representative, the group that negotiates International trade agreements on behalf of the nation. "In order to make that happen though, they have to honor the commitments that they've made especially in the area of intellectual property rights."

If that wasn't clear enough, Spicer was more … Read more