Chinese fast land export licenses are watching fast for European companies

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Beijing has agreed with rapid tracking licenses for rare earth exports because China has strongly controlled the transportation of critical minerals.

European officials and industrial groups, a new license system for rare lands and related magnets, Donald Trump introduced “Freedom Day” tariffs in April, caused a widespread factory parking lot.

In addition, according to a statement published by the Chinese Ministry of Trade on Saturday, Beijing now will want to create a green channel for qualified applications to accelerate confirmation. ”

No information was provided about how fast the process will be or what European companies will include. In the Beijing, a European executor, who asked not to be named, warned that the producers could face the volume and magnetic transportation in the adoption of “large retardation of licensing propulsions.

The announcement, China Trade Minister Wang Woao and Maroš Šefčovič, EU Commissioner for Commerce and Economic Security, followed a meeting in Paris last week.

Wang EU called “to take effective measures to facilitate, protect and promote the appropriate trade of high-tech products.”

Beijing was increasingly worried that Europe’s semiconductors and chipmaking equipment in the United States were monitored by the US restrictions.

Friday Trump said it was a new high-level round Trade talks The United States and China are a leader in London, in London, the world’s largest economies in the trade war.

Rare lands are just one of the many disputes between Brussels in Beijing. The parties talked about the tariffs of the Azerbaijani block in China’s electric vehicles, as well as Beijing’s tariffs in French cognac.

According to the Ministry of Commerce, discussions on the prices of China’s electric vehicles sold in the bloc were “the final stage”, but the further efforts were needed “.” China plans to announce the results of the investigation into the European brand imports on July 5.

Because Beijing returned to Trump, he wanted to improve relations with Brussels, but EU officials, despite hot words, said they have been less concessions so far.

On Wednesday, Jefčovič, Chinese ground delays, this was delayed in Chinese ground delays, which from the car from the car to the manufacturers of wide items from the car.

The Financial Times on Thursday in Beijing of European institutions in Beijing for “reliable” companies have lobbied representatives of officials in Beijing to establish a special channel for their rapid tracking licenses.

On Friday, Beijing Lobby group, despite the approval of Beijing’s urgent transportation, many companies are not enough to prevent violent chain violations, “enough”, “he said.

The Chamber President Jens Eskelund said, “he said,” he said, “still struggling,” both delays and transparency of member companies.

Additional report by Cheng Leng in Hong Kong