China’s Ministry of Commerce announced that it has reached an
agreement with the European Union (EU) on establishing rules for
Chinese electric vehicle (EV) exporters to access the EU market,
Azernews reports, citing foreign media.
Under the agreement, the EU will publish a document setting out
minimum pricing requirements for electric vehicles “in an objective
and fair manner, in line with the principle of non-discrimination
and relevant World Trade Organization (WTO) rules.”
Beijing welcomed the development as a demonstration of its
commitment to resolving bilateral trade issues through dialogue and
ensuring the healthy growth of economic and trade relations.
The move comes after tensions between China and the EU over
electric vehicles escalated, following EU claims that China
provided “unfair” subsidies to domestic EV manufacturers. In
December 2024, the EU imposed countervailing duties on Chinese EV
imports, citing these subsidies as creating an uneven playing field
for European producers.
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