Overview

• China’s Commerce Ministry announced on June 7 that it will establish a green channel to accelerate examination and approval of rare earth exports for EU firms.
• Beijing has set July 5 as the deadline to issue a final announcement on anti-dumping duties of up to 39% on European brandy imports.
• Price commitment consultations on Chinese-made electric vehicles exported to the EU have entered their final stage but still require joint efforts to conclude.
• The latest commitments follow a June 3 meeting in Paris between Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic.
• China’s April suspension of rare earth and magnet exports had disrupted supply chains vital to automakers, aerospace and semiconductor industries worldwide.