News from the Ministry of Commerce website, on December 18, the Ministry of Commerce held a regular press conference.
South China Morning Post reporter: EU officials said that China has started issuing longer-term rare earth export licenses to European companies. Can the Ministry of Commerce confirm this?
He Yadong: Since the implementation of export controls on relevant rare earth items, Chinese authorities have conducted policy briefings for Chinese exporters. With the accumulation of related export and compliance experience, some Chinese exporters have initially met the basic requirements for applying for general licenses. According to my understanding, some general license applications submitted by Chinese exporters have been received and approved.
On December 15 local time, the EU Commissioner for Trade and Economic Security, Shevchovych, told Bloomberg Television that China has started issuing long-term rare earth permits, allowing European companies to access key mineral resources essential for industries such as clean technology, automotive manufacturing, and defense contractors. "We have received preliminary reports from industry insiders who are obtaining these general licenses, but we need more detailed information to assess the entire process."
Bloomberg reported that the European Commission is the EU's executive body responsible for trade negotiations, and in recent years has intensified efforts to seek general rare earth licenses. Once issued, general licenses will allow companies to repeatedly export rare earths to pre-approved buyers over a period of time.
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