China's Ministry of Commerce (MOC) has updated the public on the latest progress in negotiations between China and the European Union (EU) regarding the case against Chinese electric vehicle subsidies. In a statement on Monday, the ministry said the two sides have held several rounds of discussions characterized by mutual respect to implement the consensus reached during the China-EU leaders' meeting and seek a suitable solution to trade tensions.
According to the statement, the parties reached a consensus on the need to provide general guidance on pricing measures for Chinese exporters of battery electric vehicles in the European market. The move is intended to allow Chinese firms to address relevant concerns through practical and targeted measures, while remaining fully compliant with the rules World Trade Organization (WTO).
After the meeting, the European Party will issue formal instructions on the submission of requests for price measures. In this document, the EU will confirm its commitment to the principle of non-discrimination, applying the same legal standards to all WTO-compatible applications and ensuring that all assessments are conducted objectively and impartially.
The Ministry of Commerce stressed that these steps reflect the spirit of dialogue and the positive results of recent bilateral negotiations. The statement went on to say that China and the EU have the ability and the will to resolve differences through WTO consultations. These efforts are seen as essential to maintaining the stability of the automotive industry and supply chains regionally and globally.
The Ministry concluded that the successful resolution of this case is not only beneficial to the healthy development of China-EU economic and trade relations, but also promotes a rules-based international trade order.
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