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"both sides reached an agreement", china and europe agreed to continue to promote negotiations on electric vehicle price commitments

2024-09-21

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reference news reported on september 21according to a report on the russian satellite news agency website on september 20, on the morning of september 19, local time, chinese minister of commerce wang wentao met with european commission executive vice president and trade commissioner valdis dombrovskis at the eu headquarters to conduct comprehensive, in-depth and constructive consultations on the eu's anti-subsidy case against china's electric vehicles. both sides clearly expressed their political will to resolve differences through consultations, agreed to continue to promote negotiations on the price commitment agreement, and fully committed to reaching a solution acceptable to both sides through friendly dialogue and consultations.

according to reuters on september 19, the european commission said on the 19th that the european union and china agreed to step up efforts to avoid the eu imposing import tariffs on chinese-made electric vehicles.

dombrovskis, the european commissioner for trade, and wang wentao, china's minister of commerce, held talks on the 19th.

a european commission spokesman said the two sides had a "frank and constructive" discussion on electric vehicle tariffs.

the spokesman said the two sides had agreed to review the price commitment solution, which includes the minimum price commitment submitted by exporters. the european commission had previously said that the deadline for chinese electric vehicle exporters to submit price commitment solutions had passed.

spain's vanguard website reported on september 19 that china and the eu reached an agreement. dombrovskis, the eu commissioner for trade, and chinese minister of commerce wang wentao agreed on the 19th to give both sides more time to try to reach a "negotiated solution" to avoid imposing tariffs on electric vehicles from china.

the european commission said at the end of the meeting that the two sides reaffirmed their political will to seek and intensify efforts to find a mutually acceptable solution that should effectively resolve the issue and be in line with world trade organization rules.

the report said that as an alternative to imposing additional tariffs, the possibility of using a price commitment agreement to allow electric vehicles to enter the eu market at a predetermined minimum price has been put on the table again. (compiled by qing songzhu and wang meng)