Hey EV lovers ⚡️! On Monday afternoon, China's Ministry of Commerce (MOC) dropped the latest update on the China-EU talks over the anti-subsidy case for Chinese electric vehicles. After several respectful discussion rounds, both sides agreed on a general guidance for price undertakings – aka a pricing pledge – to help Chinese exporters address EU concerns while staying square with WTO rules.
Next up: the EU will soon roll out a formal guide on how to submit price undertaking applications, promising non-discrimination and objective, impartial assessments across the board. No favoritism, just fair play 👍
This friendly vibe highlights what positive dialogue can achieve: China and the EU showing they can sort out trade hiccups through WTO consultations. That's huge for keeping automotive supply chains stable, whether you're ordering parts in Ho Chi Minh City or launching a charging startup in Bengaluru 💡
All in all, this move not only paves the way for smoother China-EU trade in EVs but also strengthens the rules-based global trading system we all rely on 🌏
Reference(s):
China, EU reach consensus on price undertaking guidance for EV exports
cgtn.com
