14:50 - 4.06.2025

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June 4, Fineko/abc.az. According to CLEPA association, because of China's restrictions on export of rare earths in Europe, several car factories have been shut down.

ABC.AZ informs that out of hundreds of applications for export licenses, only a quarter have been approved, and some have been rejected for bureaucratic reasons.

If the procedure is not simplified, even more businesses will be affected in the next 3-4 weeks. China's decision disrupted global supply chains in the automotive, aerospace, and defense industries. Germany, the U.S. and India called on Beijing to urgently resolve the problem.