INDIA
The Ministry of External Affairs (MEA) on Thursday said that China has given licences to specific Indian companies to import rare earth magnets from it. The move is a first major sign, in more than four years, of improvement in ties between the two neighbouring countries.
China grants licenses for rare earth mineral export to India
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BAD news for cricket fans: 17-year-old cricketer dies after being hit by ball, his name is…, he was from… The Ministry of External Affairs (MEA) on Thursday said that China has given licences to specific Indian companies to import rare earth magnets from it. The move is a first major sign, in more than four years, of improvement in ties between the two neighbouring countries as the decision to loosen restrictions on imports of rare earth minerals to India showed efforts by the two adversaries to normalise the bilateral ties that were strained after the military face-off along the LAC in eastern Ladakh.
“Some Indian companies have received licenses for importing rare earth magnets from China,” External Affairs Ministry spokesperson Randhir Jaiswal said at his weekly media briefing. However, he did not explain anything about it.
During the briefing, Jaiswal also confirmed that some Indian firms have received licences to import rare earth magnets from China following recent US-China trade talks in South Korea. “We are examining how the relaxations between the US and China may impact India,” he
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