China and the European Union said on Monday that both sides have reached an agreement on the relevant steps to resolve the dispute over imported Chinese electric vehicles. On Monday, the EU issued a "guidance document" to inform Chinese electric vehicle manufacturers on how to submit quotes for pure electric vehicles, including the minimum import price and other specific details. Previously, after completing an anti-subsidy investigation, the EU imposed tariffs of up to 35.3% on Chinese electric vehicles in 2024. The EU stated that the minimum import price must be set at an "appropriate level sufficient to eliminate the harmful effects caused by subsidies." At the same time, the investment plans of Chinese electric vehicle manufacturers within the EU will also be taken into consideration. The EU said that the European Commission will assess each quote in an "objective and fair manner" based on World Trade Organization rules and the principle of "non-discrimination." The Ministry of Commerce of China issued a statement saying that this progress "not only helps ensure the healthy development of Sino-EU economic and trade relations, but also helps maintain a rules-based international trade order." The China-EU Chamber of Commerce welcomed this move, calling it a "soft landing" for the electric vehicle dispute.
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Original: toutiao.com/article/1854174858943947/
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