China and the EU announced immediate negotiations on electric vehicle price commitments.
On the afternoon of April 8, the Minister of China's Ministry of Commerce held a video talk with the European Commissioner for Trade and Economic Security, Schmitz. Both sides had in-depth and candid exchanges of views on strengthening China-EU economic and trade cooperation and responding to the so-called "reciprocal tariff" imposed by the US.
The two sides agreed to start consultations as soon as possible, have in-depth discussions on market access issues, create a more favorable business environment for enterprises, immediately start negotiations on electric vehicle price commitments, and discuss issues related to China-EU automotive industry investment cooperation. Both sides support restarting the China-EU trade remedy dialogue mechanism, discussing trade diversion issues, and properly handling trade frictions.
The two sides expressed that they will continue to strengthen communication under the WTO framework, jointly promote the reform of the WTO, and maintain a multilateral trading system centered on the WTO.
Source: sputniknews
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