China has proposed creating a “green channel” to fast-track rare earth exports to the European Union, aiming to address concerns over new export licensing rules introduced in April. The proposal was made following a meeting between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic, according to Firstpost.
China, the global leader in rare earth mining and refinement, has stated that it is willing to accelerate approvals for appropriate EU applications and maintain timely communication. The ministry emphasized the move aligns with international practices.
Beijing also asked the EU to take equivalent measures to promote high-tech trade. The talks also addressed EU tariffs on Chinese electric vehicles, with negotiations in the final stage ahead of a summit next month, Firstpost reported.
