Developing | China, EU reach framework agreement in EV tariff dispute
South China Morning Post••general
Key Points:
- The European Commission has released guidelines for Chinese exporters on submitting price undertaking offers, encouraging them to enhance proposals by committing to annual shipment volumes and future investments in the EU.
- The EU initiated an anti-subsidy investigation into Chinese electric vehicles (EVs) in October 2023, resulting in countervailing duties of 7.8 to 35.3 percent imposed for five years.
- These tariffs may be replaced by minimum import prices under a new scheme, aiming to regulate imports while maintaining trade stability.
- China's Ministry of Commerce praised the progress as a reflection of constructive dialogue and consultations between China and the EU, emphasizing their commitment to resolving differences within WTO frameworks.
- The ministry highlighted the importance of maintaining stable automotive industrial and supply chains
