China says it would speed up approval for export licenses
The post China says it would speed up approval for export licenses appeared on BitcoinEthereumNews.com. According to the Chinese Ministry of Commerce, the country has attempted to fast-track the approvals for rare earth export licenses for EU companies. A final decision regarding EU brandy imports would be delivered on July 5th. China-EU talks on minimum prices for EVs have reached the last phase. On Saturday, the Ministry of Commerce of China revealed that it would create a green channel to speed up the approvals of rare export licenses for qualified EU firms. The ministry added that it will also reveal its final decision regarding its investigations into EU brandy imports on July 5th. The Chinese ministry also revealed that minimum price talks with the EU on EVs manufactured in China have reached the final stage, saying efforts from both parties were still necessary. China says it would speed up approval for export licenses Q: French President Macron stated that during his recent call with Chinese President Xi Jinping, both sides agreed to expedite efforts to resolve the issue of Cognac brandy. Could you provide an update on the progress made by both teams on this matter? Is there a possibility of… — 中华人民共和国商务部MOFCOM (@MOFCOM_China) June 3, 2025 Following U.S. President Trump’s tariffs, China restricted exporting a wide range of rare earths to certain countries. The country also suspended the export of rare magnets to EU firms, affecting the supply chains central to semiconductor firms, automakers, military contractors, and manufacturers worldwide. The Chinese Ministry of Commerce revealed that China was concerned about the issues raised by the EU regarding the export of rare earths. The ministry added that it was working on streamlining the approvals. Commerce Minister Wang said he hoped the EU would meet China halfway and implement effective measures to enable, safeguard, and enhance compliant trade in high-tech goods to China. The European Chamber,…
The post China says it would speed up approval for export licenses appeared on BitcoinEthereumNews.com.
According to the Chinese Ministry of Commerce, the country has attempted to fast-track the approvals for rare earth export licenses for EU companies. A final decision regarding EU brandy imports would be delivered on July 5th. China-EU talks on minimum prices for EVs have reached the last phase. On Saturday, the Ministry of Commerce of China revealed that it would create a green channel to speed up the approvals of rare export licenses for qualified EU firms. The ministry added that it will also reveal its final decision regarding its investigations into EU brandy imports on July 5th. The Chinese ministry also revealed that minimum price talks with the EU on EVs manufactured in China have reached the final stage, saying efforts from both parties were still necessary. China says it would speed up approval for export licenses Q: French President Macron stated that during his recent call with Chinese President Xi Jinping, both sides agreed to expedite efforts to resolve the issue of Cognac brandy. Could you provide an update on the progress made by both teams on this matter? Is there a possibility of… — 中华人民共和国商务部MOFCOM (@MOFCOM_China) June 3, 2025 Following U.S. President Trump’s tariffs, China restricted exporting a wide range of rare earths to certain countries. The country also suspended the export of rare magnets to EU firms, affecting the supply chains central to semiconductor firms, automakers, military contractors, and manufacturers worldwide. The Chinese Ministry of Commerce revealed that China was concerned about the issues raised by the EU regarding the export of rare earths. The ministry added that it was working on streamlining the approvals. Commerce Minister Wang said he hoped the EU would meet China halfway and implement effective measures to enable, safeguard, and enhance compliant trade in high-tech goods to China. The European Chamber,…
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