China hopes to reach a solution with the EU on electric vehicle tariffs “as soon as possible” | Wilnesh News

BEIJING – China hopes to reach an agreement with the European Union as soon as possible on EU tariffs on Chinese electric vehicles, the Ministry of Commerce said on Thursday.

The European Commission announced in mid-June that if negotiations with China do not progress smoothly, the EU will impose additional tariffs on imported Chinese electric vehicles starting from Thursday, July 4. “Clear measures” That will take effect four months after that date, according to a news release.

We hope that the EU and China will meet each other halfway, show sincerity, speed up the consultation process, and reach a solution acceptable to both parties as soon as possible on the basis of rules and reality.

He reiterated China’s opposition to the EU countervailing investigation and pointed out that both sides still have a four-month window.

Chinese Minister of Commerce Wang Wentao met virtually with European Commission Trade Commissioner Valdis Dombrovskis June 22 to discuss the EU investigation, according to the Commerce Department.

Spokesperson He said on Thursday that the two sides had held multiple rounds of technical-level talks, but he did not specify whether the talks were ongoing or concluded.

The European Union last year began investigating the role of subsidies in Chinese electric vehicle production. The new energy vehicle industry (including hybrid vehicles and pure battery vehicles) is developing rapidly in China, and automobile manufacturers include BYD It has begun exporting vehicles to Europe and other regions.

According to one agency, the Chinese government has spent US$230.8 billion developing the electric vehicle industry over more than a decade. Analysis by the Center for Strategic and International Studies.