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China says it may speed up rare earths application approvals from EU
- China said this week it will speed up rare earth mineral export approvals to the European Union following talks in Paris.
- Discussions between China’s trade official Wang Wentao and European Trade Commissioner Maros Sefcovic focused on trade tensions amid ongoing anti-dumping investigations and export licensing requirements implemented since April.
- China proposed establishing a green channel to fast track qualified rare earth export applications and stressed the importance of reciprocal EU measures.
- China is responsible for over 60% of global rare earth mining production and produces 92% of the world’s refined rare earth materials. Commerce Minister Wang expressed the hope that the EU will implement effective measures to support and streamline trade.
- The move aims to ease tensions and precedes a final ruling on tariffs and anti-dumping expected before July 5, with both sides needing further negotiation efforts.
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China is ready to speed up the examination and approval of rare earth mineral exports to companies from European Union member countries, the Chinese Ministry of Commerce announced today.
·Belgrade, Serbia
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Total News Sources55
Leaning Left4Leaning Right9Center10Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 17%
C 43%
R 39%
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