Shevjovich said that the EU has no intention of escalating the situation, but the current situation has cast a shadow over China-Eu relations, and it is crucial to solve the problem promptly.
He said that China's upgrade of rare earth export control measures was unreasonable and harmful.
He also said that EU enterprises have submitted eight priority application lists involving about 2,000 export licenses, but only slightly more than half of the applications have been properly processed.
He said, "China's new measures will have the greatest impact on the automotive and mechanical industries."
In addition, Sevjovic also made contact with the Dutch Minister of Commerce regarding the matter of the Chinese-funded wafer manufacturer Nexperia.
Last month, the Dutch government took over the Chinese subsidiary of Nexperia Semiconductor, a rare move, citing concerns that the company might transfer technology to its Chinese parent company, Wingtech Technology.
Shevjovic said that he was convinced that both China and the Netherlands hoped to ease the situation and strive to reach a practical and feasible agreement.
Recently, the British government, in accordance with the "Steel Industry (Nationalization) Act" that came into effect on July 16th, took the British Steel Company, which is controlled by China Jiefang Group, into state ownership without compensation.
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