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.
South Africa's President Cyril Ramaphosa called on the African National Congress (ANC), his party, to address its poor record on delivering basic serv...
New details have emerged in the investigation of the devastating fire at the Le Constellation bar in the Swiss ski resort of Crans-Montana, which kill...
Demonstrations were held in several major European cities in solidarity with ongoing protests in Iran, as anger mounts over worsening economic conditi...
The number of prisoners freed in Venezuela has increased to 18, human rights organisations reported on Saturday, up from nine on Friday afternoon....
Iran’s security forces have intensified their crackdown on nationwide protests, with the elite Revolutionary Guards warning that safeguarding securi...
China has begun exporting a rapid blackout recovery technology designed to restore electricity in just 0.1 seconds, offering power grid protection to 12 countries facing rising risks of outages and instability.
Canada’s Prime Minister Mark Carney will travel to China later this month, marking the first visit by a Canadian leader since 2017.
President Donald Trump declared that the United States will "always be there" for NATO, emphasising the importance of the alliance in countering global threats. In a post on Truth Social, Trump reiterated that Russia and China only feared NATO as long as the U.S. remained a member.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad and Kabul.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
Iran does not seek war with Israel or the United States but is prepared to respond if attacked, Iranian Foreign Minister Abbas Araghchi said on Thursday (8 January ) as economic protests sweep the country and Tehran's crackdown reportedly intensifies.
The Nicaraguan government announced on Saturday that it had freed dozens of inmates from the country’s national penitentiary system, following pressure from the U.S. for the release of more than 60 political prisoners.
South Africa's President Cyril Ramaphosa called on the African National Congress (ANC), his party, to address its poor record on delivering basic services, ahead of upcoming local elections where the ANC is expected to lose support.
New details have emerged in the investigation of the devastating fire at the Le Constellation bar in the Swiss ski resort of Crans-Montana, which killed 40 people on New Year’s Eve. Authorities have revealed that a service door in the basement was locked from the inside.
Demonstrations were held in several major European cities in solidarity with ongoing protests in Iran, as anger mounts over worsening economic conditions and soaring food prices amid a nationwide communications blackout.
The number of prisoners freed in Venezuela has increased to 18, human rights organisations reported on Saturday, up from nine on Friday afternoon.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment