In a move that underscores ongoing trade tensions, China and the European Union (EU) have agreed to continue consultations regarding the EU's anti-subsidy investigation into Chinese electric vehicles (EVs). This decision follows the recent vote by representatives of EU Member States last Friday, passing the draft final ruling on the case.
According to sources familiar with the matter, China has engaged in intensive communication with both the United States and the EU concerning trade issues involving EVs. The discussions highlight the global significance of the EV market and the intricate trade relationships between these major economies.
The continuation of consultations signals both parties' willingness to address the complex issues surrounding subsidies and fair trade practices in the rapidly expanding EV sector. Stakeholders across the globe, including business professionals, investors, and market analysts, are closely monitoring these developments, given their potential impact on international trade and economic relations.
The outcome of these consultations could have significant implications for the EV industry, influencing market dynamics and investment strategies. As China and the EU navigate this situation, the world watches to see how these economic powerhouses will resolve their differences and shape the future of sustainable transportation.
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China, EU to continue consultation on anti-subsidy case involving EVs
cgtn.com
