# China EU Car Export Deal

> China and EU agree to cut Chinese hybrid car exports to EU by over half.
- Title: China EU Car Export Deal · Dw | Shortify
- Summary: China and EU agree to cut Chinese hybrid car exports to EU by over half. China and EU reached a deal to reduce Chinese hybrid car exports to the EU by more…
- Keywords: china, hybrid cars, trade deal, export licenses, rare earths, news, world, politics, Car, Export, Deal
- Source: Dw — https://dw.com/en/china-eu-reach-deal-to-moderate-china-s-car-exports-to-eu/a-79621394?maca=en-rss-en-all-1573-rdf
- Read time: 1 min
- Topics: china, eu, hybrid cars, trade deal, export licenses, rare earths, news, world, politics
## EU-China Trade Deal
European Trade Commissioner Maros Sefcovic announced China and EU reached a deal to moderate chinese exports of hybrid cars to the eu.

> moderate china's export of hybrids and plug-in hybrids to the eu
## Export Reduction Target
The deal projects cutting chinese hybrid car exports to the eu by more than half over a four-year period.

> by this step, we're actually preventing several millions of cars exports from china to the european union
## Trade Deficit Reduction
The agreement also reduces import duties on €4 billion worth of eu exports including car parts and olive oil.

> reducing chinese import duties on €4 billion worth of eu exports
## Rare Earths Agreement
China's process for granting export licenses for rare earths and permanent magnets will be simplified.

> simplify china's process for granting export licenses for rare earths and permanent magnets
## Key takeaway

China and EU reached a deal to reduce Chinese hybrid car exports to the EU by more than half over four years.