Dutch foreign ministry: EU will respond to new Chinese export rules

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Dutch foreign ministry: EU will respond to new Chinese export rules
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The European Union must respond to new rules introduced by China requiring a license to export two metals widely used in semiconductor manufacturing, the Dutch government said on Tuesday.

, the Netherlands' largest company. The Hague, like Beijing, said its rules were not intended to target any one country.

"To what extent this will have consequences for the European and Dutch economy will depend on how China carries it out," the Dutch Foreign Ministry said in a statement. "Given the authority that the European Union has in trade policy, it's primarily up to the EU to address China about these measures."

Earlier on Tuesday, the European Union said it was concerned about China's curbs and urged it to limit such restrictions to only thoseThe EU oversees trade policy for member states, which have a single internal market for goods and services, but the Dutch government argued that its export controls were a matter of national security - which is up to individual EU member states.

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