According to the website of the Ministry of Commerce, on November 13, the Ministry of Commerce held a regular press conference.
A reporter from Reuters asked: The White House said that China has agreed to purchase about 12 million tons of U.S. soybeans in November and December, and at least 25 million tons of U.S. soybeans annually over the next three years. Can the Ministry of Commerce confirm that there has been an agreement with the U.S. on the above content? Second question, we recently learned that China has started designing a new licensing system for rare earth exports, which is expected to accelerate the export process. Can you introduce the current progress, the planned launch time, and which entities will be eligible for the license?
The spokesperson for the Ministry of Commerce, He Yadan, stated that regarding your first question, the Ministry of Commerce has recently released relevant information about the joint arrangements for the Sino-U.S. economic and trade consultation in Kuala Lumpur, introducing the main achievements and consensus reached during the consultation, including agricultural product trade. China is an important participant in global agricultural product trade and will continue to uphold an open and cooperative attitude, deepening mutually beneficial cooperation with global trading partners, and jointly maintaining an open, stable, and sustainable global trade system.
Regarding your second question, the Chinese side conducts export control work on relevant items related to rare earths in accordance with laws and regulations. As a responsible major country, China is committed to safeguarding national security and interests, fulfilling international obligations such as non-proliferation, while also committed to maintaining the safety and stability of the global supply chain.
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