NEWS  /  Analysis

Chinese Commerce Minister and EU Trade Official Agree to Intensify Efforts to Reach Solution to EV Tariff Disputes

By  I am a fish  Sep 20, 2024, 5:04 a.m. ET

China's commerce ministry cautioned Beijing will resolutely take necessary measures to protect the legitimate rights and interests of its enterprises, if the EU insists on implementing unreasonable tariffs.

TMTPost --  Senior trade officials of China and the European Union agree to ramp up efforts to find a solution to electric vehicle (EV) tariff disputes during a visit of Chinese Commerce Minister Wang Wentao.

Credit:the Ministry of Commerce of China

Credit:the Ministry of Commerce of China

  • "Constructive meeting with Minister of Commerce Wang Wentao. Both sides agreed to intensify efforts to find an effective, enforceable and WTO (World Trade Organization) compatible solution," said the European Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis on social media X  following his meeting with Wang Thursday. Dombrovskis added he had held “constructive” talks with Wang.
  1. The EU made clear to China that it will continue its formal investigation into unfair subsidies for EVs made in China, but “the two sides agreed to take a renewed look at price undertakings”, according to Olof Gill, a spokesperson for the European Commission.

Thursday saw China and the EU engaged in a "comprehensive, in-depth, and constructive" consultation regarding the EU’s ongoing anti-subsidy investigation into Chinese EVs, according to a statement by the Ministry of Commerce of China (MOFCOM). During their talks that day, Wang and Dombrovskis expressed clearly their political will to resolve differences through consultations, and agreed to continue pushing forward negotiations on the price commitments, and spare no effort to reach a mutually acceptable solution through friendly dialogue and consultation, the ministry said.

Please enter the image description.11111

The European Commission initiated the anti-subsidy investigation without a formal complaint from the industries within the EU, and the rulings were "non-compliant, unreasonable, and unfair," said the MOFCOM. It stressed that the Chinese industry proposed a price commitment solution during the investigation and further improved it based on the concerns of the EU, which fully demonstrated the utmost flexibility and sincerity from the Chinese side.

Please sign in and then enter your comment