Reuters reported on Nov. 22 that Brussels and Beijing are close to solving the issue of Chinese import tariffs on electric cars, the chairman of the European Parliament's trade committee, Bernd Langer, told German broadcaster n-tv.
“We are close to an agreement: China can commit to supplying electric cars to the EU at the lowest possible price,” Langer said, without providing specifics. The move aims to eliminate distortions of competition through unfair subsidies, which is why the tariffs were introduced in the first place. The European Commission has yet to comment.
At the same time, it was revealed that Sino-European negotiations on electric vehicles were concluded with tariffs expected to fall to 15 percent. A total of 13 rounds of negotiations were held between the two sides, with the first eight held in Europe and the last five in China, and the final tariffs agreed upon are likely to be in the range of 10-15 percent. As part of the agreement, the EU will offer Chinese car companies the opportunity to build factories in the EU and qualify for grants in exchange for technology transfer. The two sides will share the results of 20 battery range technologies. France is said to have played an important role in the negotiations, but this news has not been officially confirmed.
This escalation comes after the European Commission announced on October 29 that it had closed a countervailing investigation into Chinese imports of electric vehicles, raising tariffs on Chinese-produced electric vehicles to 45.3 percent. The measure, which came into effect on October 30, was aimed at countering so-called unfair subsidies, including preferential financing and grants, as well as below-market prices for land, batteries, and raw materials. The decision sparked divisions within Europe and retaliation from Beijing.
Despite the tariffs taking effect, the two sides continue negotiating to find a solution. This has mainly sparked hopes among German automakers, which rely heavily on the Chinese market, that the trade dispute can be avoided. The Chinese Chamber of Commerce in the EU said at the time that it was deeply disappointed by the EU's “protectionist” and “arbitrary” measures.
From November 2 to 7, the China-EU technical team held five rounds of consultations in Beijing to exchange views on the specifics of the price commitment program for the EU's countervailing subsidy case against China's electric vehicles, and made some progress, with the two sides agreeing to continue to consult by video or other means.
However, on November 20, the Financial Times reported that the EU is planning to require mainland Chinese companies that come to invest in factories to transfer technology property rights to European companies in exchange for eligibility for EU subsidies as part of its stricter clean technology trade regime.
Other timelines for China-EU talks:
September 21: Chinese Commerce Minister Wang Wentao visited Europe to focus on the EU's countervailing investigation into Chinese electric vehicles. Before meeting with EC Executive Vice President and Trade Commissioner Dombrovskis, both sides said the talks were “constructive” and “frank”, opening up “new opportunities” for further consultations. The two sides said the talks were “constructive” and “frank” and opened up “new opportunities” for further consultations.
ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren polo ralph lauren pas cher Von der Leyen put forward three conditions, claiming that as long as China can accept these three conditions, the EU will not impose tariffs on Chinese electric car products.
Ralph Lauren outlet online October 22: Von der Leyen further clarified the three conditions, including the demand for China to provide compensation to make up for the losses suffered by EU companies due to the low price of China's electric cars competition; hope that China's electric cars in the European market selling price can be increased; and hope that Chinese companies to set up more manufacturing factories in Europe, as a way to increase employment opportunities in Europe, to promote the development of the local economy.
German Chancellor Scholz's attitude has also begun to soften, a change that has sparked widespread international concern.
November 11: The China-EU technical team made “technical progress” after five rounds of consultations in Beijing on the content of the EU's price commitment program in the countervailing duty case against China on electric vehicles. Both sides agreed to continue consultations by video or other means.
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