China’s Minister of Commerce Wang Wentao has criticized Europe’s anti-subsidy investigation into Chinese electric vehicles (EVs), labeling it as “typical trade protectionism.” Speaking at the 29th meeting of the China-Spain Joint Economic and Industrial Cooperation Committee in Madrid, Wang emphasized that the European Union’s concerns over “excessive industrial capacity” are misplaced.
“It’s not industrial production capacity that is excessive, but anxiety,” Wang remarked, suggesting that Europe’s allegations of market distortion stem from a “distorted mentality.” He called for both sides to address each other’s concerns through dialogue and communication, fostering a cooperative environment rather than resorting to protectionist measures.
During the meeting, which he co-chaired with Spanish Minister for Economy, Commerce and Business Carlos Cuerpo, Wang highlighted the importance of enhancing trade relations between China and Spain. The two sides discussed promoting high-quality development in bilateral economic and trade relations, facilitating personnel exchanges, government procurement, market access for agricultural and food products, and addressing the EU’s investigation into Chinese EVs.
Wang expressed China’s willingness to work with Spain to elevate trade levels, promote two-way investments, strengthen cooperation among small and medium-sized enterprises, and explore new areas for mutually beneficial cooperation. He also expressed hope that Spain would play a positive role in encouraging the EU to remain rational and open, particularly in the fields of green and new-energy industries.
Cuerpo affirmed Spain’s commitment to deepening its economic and trade partnership with China. He emphasized Spain’s readiness to maintain dialogue and cooperation, promote balanced development of economic and trade relations, and explore more opportunities for collaboration in areas such as automobiles, renewable energy, industrial machine tools, and medical equipment.
The meeting underscored the shared interest of both nations in fostering stronger economic ties and addressing challenges through constructive dialogue. As China and Spain continue to collaborate, their efforts may contribute to a more open and cooperative international trade environment.
Reference(s):
cgtn.com
