🤝 This Monday afternoon, the Chinese mainlands Ministry of Commerce (MOC) briefed the public on the latest progress in its talks with the European Union over the anti-subsidy case involving battery electric vehicles (BEVs). Both sides have held multiple rounds of discussions marked by mutual respect, aiming to implement the consensus from the recent China-EU leaders meeting and find a fair solution to trade tensions.
According to the MOC, officials have agreed on the need to offer general guidance on price undertakings for Chinese mainland exporters of BEVs to the European market. This guidance is designed to let companies address Europes concerns with practical, targeted measures while staying fully aligned with World Trade Organization (WTO) rules.
Next up, the European side will roll out a formal guidance document detailing how exporters can submit price undertaking applications. In that document, the EU will reaffirm its commitment to non-discrimination, applying the same legal standards to every applicant in line with WTO regulations and ensuring objective, impartial assessments.
The MOC highlighted that these developments showcase the spirit of dialogue and the positive fruits of recent bilateral negotiations. Both sides, it said, have the capability and the willingness to resolve differences through consultation under the WTO framework—an approach seen as key to keeping automotive industrial and supply chains stable, both regionally and globally.
Looking ahead, the ministry said, successfully handling this case will not only boost healthy development in China-EU economic and trade ties but also reinforce a rules-based international trading order. 🌐✨
Reference(s):
China, EU reach consensus on price undertaking guidance for EV exports
cgtn.com
