China says it may accelerate rare land applications from the European Union

Written by Brenda Goh

Shanghai (Reuters) – China said on Saturday to accelerate the rare land exports and approval of European Union companies, the Ministry of Commerce said on Saturday, the Ministry of Commerce said on Saturday.

Consultations also entered the prices between China and the European Union on Chinese electric cars that were exported to the European Union at a final stage, but efforts are still needed on both sides, according to a statement on the Chinese Ministry of Trade website.

Issues were discussed between Chinese Minister of Trade Wang Wino and European Union Trade Commissioner Marus Sevkovic in Paris on Tuesday, according to the statement.

The comments are determined by the progress in the things that disturbed China’s relationship with the European Union during the past year.

Recently, in April, China’s decision was suspended exports of a wide range of rare land and related magnets on the central supply chains of auto manufacturers, aviation manufacturers, semiconductor companies and military contractors worldwide.

The ministry said that China is of great importance to the European Union’s concerns and “ready to create a green channel for applications that are eligible to accelerate the approval process.”

In a separate statement, the Ministry of Commerce issued later on Saturday, which said that China was ready to enhance communication and dialogue with the relevant countries on rare land export controls, as it realized that demand from sectors such as robots and electric cars had risen.

Brande, EVS

The ministry said earlier that the Minister of Trade Wang during the meeting “expressed his hope that the European Union will meet in the middle of the road and take effective measures to facilitate, protect and promote compatible trade in high -tech products to China.”

Chinese measures to combat dumping that are applied to 39 % on European Brande imports – with French Koniak that bear the greatest burden – link relations between Paris and Beijing.

Al -Brandi duties were applied days after the European Union took measures against Chinese electric car imports to protect its local industry, prompting the President of France, Emmanuel Macron, to accuse Beijing of “pure revenge.”

Chinese duties have led to trademark sales including hennessy’s lvmh, Pernod Ricard’s Martell and Remy Cointreu.

It was initially supposed to make a final decision on Al -Brandi duties by January, but he extended the deadline to April and then again to July 5.

The Chinese Ministry of Commerce said on Saturday that French companies and relevant societies have submitted proactive requests on price obligations for the Brande to China and that the Chinese investigators reached an agreement with them according to the basic conditions.