China’s Minister of Commerce Wang Wentao and the European Fee’s Commerce Commissioner Valois Dombrovskis will meet with one another on Thursday, September 19, 2024. Wentao and Dombrovskis will focus on the present state of commerce relations between China and Europe.
Over the weekend, Wang met with the President of the Italian Affiliation of the Automotive Business, Roberto Vavassori in Turin, Italy. The pair mentioned the Fee’s anti-subsidy investigation on China-made electrical autos (EVs), which resulted within the tariffs on Chinese language EV imports.
Vavassori and China’s Minister of Commerce additionally mentioned cooperation between China and Italy’s EV industries. China has been speaking with particular person EU member states to influence them towards voting to approve the Fee’s tariff on Chinese language EV imports. Spain has already voiced issues over the tariff and its penalties on commerce relations with China.
Wang’s go to to Italy probably ready him for the assembly with Dombrovskis later this week. China’s Ministry of Commerce has been vocal concerning the Fee’s provisional tariffs on Chinese language EV imports. The tariff is positioned on high of the EU’s 10% responsibility presently imposed on all EV imports.
In August, China filed an attraction with the World Commerce Group (WTO) over the Fee’s tariff. The Ministry of Commerce defined that its attraction to the WTO was an try and “safeguard the event rights and pursuits of the electrical automobile trade [in the country] and cooperation over the worldwide inexperienced transformation.”
China has repeatedly warned the EU towards imposing the Fee’s provisional EV tariffs. The Fee has responded by decreasing its tariff charges. Initially, the tariff charges on China-made EV imports reached a most of 38%. The Fee has decreased charges a number of occasions since they have been provisionally enforced in July.
When you’ve got any ideas, contact me at [email protected] or by way of X @Writer_01001101.
