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China, EU hold constructive consultation on EV tariff disputes: China’s Commerce Ministry

News Desk by News Desk
September 20, 2024
in China
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China, EU hold constructive consultation on EV tariff disputes: China’s Commerce Ministry
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China, EU hold constructive consultation on EV tariff disputes: China’s Commerce Ministry both parties expressing a clear political will.

China and the European Union held a “comprehensive, in-depth, and constructive” consultation on Thursday regarding the EU’s ongoing anti-subsidy investigation into Chinese electric vehicles (EVs), according to China’s Ministry of Commerce.

During the discussions between Chinese Commerce Minister Wang Wentao and European Commission Executive Vice President Valdis Dombrovskis, both parties expressed a clear political will to resolve their differences through consultations.

Both sides agreed to continue pushing negotiations on price commitments and make every effort to reach a mutually acceptable solution through friendly dialogue and consultation.

The European Commission launched the anti-subsidy investigation without a formal complaint from EU industries. China described the EU’s rulings as “non-compliant, unreasonable, and unfair.”

Though China disagreed with the investigation, it remained committed to addressing the issue through dialogue and consultation, the ministry noted.

China’s EV industry proposed a price commitment solution and refined it based on the EU’s concerns, demonstrating flexibility and sincerity, the statement said. China urged the EU to honor the consensus reached by leaders of China, France, and the EU, emphasizing the need for dialogue in resolving economic and trade frictions.

The statement also warned that China will take necessary measures to protect its enterprises if the EU imposes unreasonable tariffs.

China stressed that it has been cautious in applying trade remedy measures and remains committed to fair and free trade.

China’s trade investigations against the EU were initiated at the request of its industries, fully in line with Chinese law and WTO regulations, with a focus on transparency and openness.

Both sides also discussed other trade and economic matters during the consultation.

 

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