China and EU Establish Export Controls Mechanism to Address Trade Tensions

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Source: Financial Times
TL;DR

China and the European Union have agreed to establish a "mechanism" for export controls in an effort to ease trade tensions. The move comes as both sides seek to address concerns over unfair trade practices and market access. The mechanism aims to enhance transparency and cooperation in export control policies, with the goal of promoting a level playing field for businesses and ensuring the security of critical technologies.

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