In a recent development, China and the European Union have reiterated their commitment to resolving the ongoing dispute over the EU’s anti-subsidy investigation into Chinese electric vehicles (EVs) through dialogue.
The commitment was announced following a video conference held on Friday between Chinese Commerce Minister Wang Wentao and European Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis. The two sides discussed the importance of open communication and collaborative problem-solving in addressing trade disputes.
According to a statement released by China’s Ministry of Commerce, both parties have decided to continue to pursue price commitments as a solution to the case. This approach aims to find a mutually beneficial resolution that supports the interests of both Chinese EV manufacturers and the European automotive market.
The anti-subsidy investigation, initiated by the EU, has been a point of contention between China and the European bloc, with concerns over market competition and fair trade practices. The renewed willingness to engage in dialogue marks a positive step towards de-escalating tensions and fostering cooperation in the rapidly growing EV sector.
The dialogue underscores the significance of the EV industry in global economic growth and the shared interest in promoting sustainable development. Both China and the EU recognize the potential of electric vehicles in combating climate change and are seeking ways to collaborate effectively.
This commitment to dialogue is expected to alleviate concerns among investors, businesses, and market analysts who are closely monitoring the situation for its impact on international trade and the global EV market.
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China, EU reiterate willingness to solve EV dispute through dialogue
cgtn.com
