EU Seeks Urgent Dialogue with China Over Rare Earth Export Restrictions

European Trade Commissioner Maros Sefcovic invited Chinese Commerce Minister Wang Wentao to Brussels to discuss China's recent export restrictions on rare earths. The two-hour dialogue aimed to find solutions, emphasizing the critical impact on industries like automotive and machinery, and the need for de-escalation.

The European Trade Commissioner, Maros Sefcovic, has extended an invitation to Chinese Commerce Minister Wang Wentao to meet in Brussels. This move aims to address China's new restrictions on rare earth exports, seeking immediate solutions to ease tensions and protect vital industries.

Sefcovic described the current restrictions as unjustified and harmful, but noted that his recent, lengthy conversation with Minister Wang was constructive. Both parties are committed to intensifying their dialogue to resolve the issues without escalating the situation further, which has already strained EU-China relations.

The restrictive measures have significantly impacted sectors such as automotive and machinery. Additionally, Sefcovic discussed recent concerns with the Dutch business minister over Nexperia, highlighting EU concerns about technology transfer risks. Both EU and China emphasize the need for practical agreements moving forward.

(With inputs from agencies.)