The European Union and China are continuing talks to find an alternative solution to the tariffs recently imposed by the EU on Chinese electric vehicles.
The two sides are working to find a compromise, but no agreement has been reached yet, and negotiations will continue. A representative of China’s Ministry of Commerce stated on Thursday that the discussions on establishing a minimum price for electric vehicles have made progress thanks to the joint efforts of both sides.
China has expressed hope for a constructive approach, proposing to adhere to the principles of pragmatism and balance, taking mutual interests into account and aiming for a successful outcome.
Earlier this week, the chair of the European Parliament’s Committee on International Trade, Bernd Lange, stated that the two sides are close to an agreement. China could commit to selling electric vehicles in the EU at a minimum price, which could eliminate market distortions caused by subsidies that led to the introduction of tariffs.
In September, the European Commission rejected proposals from Chinese manufacturers to establish a minimum price, noting that this would not solve the subsidy issue and would be difficult to control.
