Negotiations between China and the European Union regarding electric vehicle price commitments are in their final stages, although both sides acknowledge that further efforts are required to reach a resolution.
This update comes from a statement released by China's Ministry of Commerce (MOFCOM) on Saturday, following a meeting between Chinese Commerce Minister Wang Wentao and EU Commissioner for Trade and Economic Security Maros Sefcovic in France on June 3.
The MOFCOM statement highlighted that the discussions between Minister Wang and Commissioner Sefcovic were focused, candid, and in-depth on a range of urgent and important issues. These included the EU's ongoing anti-subsidy probe into Chinese EVs, China's anti-dumping probe on EU brandy, and export controls. Both parties urged their respective working teams to intensify preparations for this year's key China-EU economic and trade agenda.
Crucially, regarding the EV case, MOFCOM stated that professional and substantive discussions took place, significantly advancing the matter toward a proper resolution. The EU side reportedly proposed exploring new technical approaches in parallel, which China will now evaluate for feasibility from both legal and technical standpoints.
This meeting aligns with earlier reports, which indicated that Chinese Commerce Minister Wang Wentao was slated to meet EU Commissioner for Trade and Economic Security Maros Sefcovic on the sidelines of a WTO ministerial meeting in Paris in early June. A source familiar with the matter had previously stated that the two sides would engage in in-depth exchanges on the important topic of China-EU economic and trade cooperation and make preparations for China-EU high-level exchanges.
The progression of these talks signals a concerted effort by both China and the EU to navigate complex trade issues and foster continued economic cooperation, despite ongoing investigations and potential trade disputes. The focus now shifts to the evaluation of the proposed technical approaches and the final push towards a mutually agreeable solution for the EV price commitments.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian offi...
U.S. President Donald Trump should proceed with imposing additional sanctions on Russia, as they could help bring the war in Ukraine to an end, Finlan...
Israel’s Security Cabinet has approved a new military plan to take control of Gaza City, marking a significant escalation in its nearly two-year con...
Russia and Ukraine have traded fresh strikes amid mounting international pressure to end the ongoing conflict, as the Kremlin confirms that President ...
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new fi...
China Railway Container Transport Corp. Ltd. has joined 'Middle Corridor Multimodal Ltd.' joint venture, established by railway operators of Azerbaijan, Georgia and Kazakhstan to enhance efficiency, reliability, and seamless functioning of the Trans-Caspian International Transport Route.
The Russian and Chinese naval vessels have practiced pursuing and destroying an enemy submarine in the Sea of Japan, Russia's defense ministry said on Wednesday.
China can visit South Korea without a visa from the end of September until June next year. Seoul made the announcement for temporary visa-free entry to tourist groups on Wednesday (6 August).
Swiss President Karin Keller-Sutter is set to meet U.S. Secretary of State Marco Rubio on Wednesday as Switzerland races to secure a deal that would prevent a severe 39% tariff on its exports to the United States.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Polish Prime Minister Donald Tusk said on Friday that a pause in the conflict in Ukraine may be approaching, following a conversation with Ukrainian President Volodymyr Zelenskyy.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian officials indicated a preference for pursuing a U.S. trade deal without Mexico.
U.S. President Donald Trump should proceed with imposing additional sanctions on Russia, as they could help bring the war in Ukraine to an end, Finland’s Foreign Minister Elina Valtonen said on Friday in a Reuters NEXT Newsmaker interview.
Israel’s Security Cabinet has approved a new military plan to take control of Gaza City, marking a significant escalation in its nearly two-year conflict with Hamas and raising alarm among humanitarian agencies over the deepening crisis for civilians in the enclave.
Russia and Ukraine have traded fresh strikes amid mounting international pressure to end the ongoing conflict, as the Kremlin confirms that President Vladimir Putin will meet with U.S. President Donald Trump in the coming days.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment