China to Implement Export Licence Management in 2025

The China Commerce Ministry has announced export quotas for various commodities in 2025. Although the export quota management for phosphate rock and silver will remain suspended, export license management will be introduced. The move is aimed at regulating the export practices of these materials.

The China Commerce Ministry has disclosed quotas for the export of certain commodities slated for implementation in 2025. This development indicates a strategic move in managing exports.

Notably, while the management of export quotas for phosphate rock and silver will continue to be on hold, export license management is set to be introduced. This indicates a shift in regulatory practices for these materials.

The new regulations are aimed at exerting more control over the export activities related to specific commodities, potentially impacting global supply chains.

(With inputs from agencies.)