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Sharjah24
Europe and China to halve hybrid car exports
The European Union and China have agreed to cut their hybrid and plug-in hybrid vehicle exports to the EU by 50%, improve access to the Chinese market, and facilitate the export procedures for rare earth elements from China. This agreement marks an initial step in efforts to reduce the trade gap, which has exceeded one billion euros daily, and aims to achieve tangible results in strengthening commercial cooperation between the two sides.
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