EU, China agree to more talks on potential alternatives to EV tariffs

The European Union and China have agreed to conduct additional technical negotiations regarding potential alternatives to tariffs on Chinese-built electric vehicles
The EU is prepared to implement tariffs up to 35.3% on Chinese electric vehicles next week when its anti-subsidy investigation concludes
Both parties are exploring alternatives including:
Minimum price commitments from Chinese producers
Investment opportunities in Europe
CURRENT STATUS
Eight rounds of technical negotiations have already taken place
The European Commission notes "significant remaining gaps" in the discussions
China has expressed willingness to host EU negotiators "as soon as possible"
Both sides agree that price commitments remain the primary solution to the dispute
POINTS OF CONTENTION
China has cautioned the EU against conducting separate negotiations with individual companies
The EU maintains its right to discuss with both the China Chamber of Commerce (CCCME) and individual exporters
Additional trade concerns have emerged regarding China's investigations into:
EU brandy
Pork
Dairy products
The EU considers these investigations "unsubstantiated"
China maintains its investigations comply with both Chinese and WTO rules
NEXT STEPS

Technical negotiations will resume shortly
China proposes establishing a bilateral communication mechanism for implementing and regulating price commitments
BOTH PARTIES AIM FOR A SOLUTION THAT
Ensures a level playing field in the EU market
Complies with World Trade Organization rules

247 people read this News!
26/10/2024
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