Commerce Ministry: China Will Continue to Facilitate Export Licensing for Rare Earths and Permanent Magnets to the EU via 'Green Channel' Mechanism

36Kr reports that the Commerce Ministry released a joint statement from the second meeting of the China-EU Trade and Investment Consultation Mechanism. Both sides agreed on the importance of enhancing the predictability and stability of global industrial and supply chains. China is willing to continue providing facilitation for export licensing approvals for rare earths and permanent magnets destined for the EU through the 'green channel' mechanism. The European side will continue to work with its member states to provide facilitation in resolving key individual licensing cases involving dual-use items targeting China.