Removal of 28 technology items restricted from export, such as medical diagnostic instrument and equipment manufacturing technology, and target feature extraction and identification technology. Addition of 1 new item banned for export, specifically, cell cloning and gene editing technologies for human use.
On December 21, 2023, the Ministry of Commerce (MOFCOM), in conjunction with the Ministry of Science and Technology (MOST), published the revised edition of the Catalogue for Prohibited and Restricted Export Technologies (the “Catalogue”). Set to come into effect from the date of its promulgation, this version supersedes the 2020 edition.
This strategic move is tailored to ensure seamless battery trade relations between China and the EU. It's pivotal to note China's overwhelming presence in the battery production landscape, holding a staggering 77% of the global market share.
These new guidelines introduce significant changes poised to impact battery producers across the globe, with companies in China and Taiwan being at the forefront of these challenges. Key Highlights of the New Regulations: Beginning in 2027, any power batteries destined for European markets will mandatorily require a "Battery Passport."
The path to this legislation has spanned three years, witnessing Asian battery companies transition from initial apprehensions to active participation, and ultimately, acceptance of the impending paradigm shift. Upon the new battery law's enforcement, Asian battery producers exporting to Europe will confront three primary challenges:
Catch up on the developing stories making headlines. BANGKOK -- China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S. limits on semiconductor-related exports.