China Expands Approval Channels for EU Exports to Accelerate Trade

The Chinese Ministry of Commerce has announced new initiatives to expedite approvals for export licenses related to rare earth materials, targeting European companies. This move comes amid growing tensions between China and the EU, particularly regarding brandy imports and exports of advanced technologies. A key development is the creation of a green channel for expedited approvals, aimed at ensuring smoother trade with qualified EU firms. Furthermore, China’s decision on EU brandy import tariffs will be made public by July 5th, while negotiations about EV price minimums continue.