EU, China Discuss Import Price Floor for Chinese EVs
EU and Chinese officials met in Beijing last week to discuss the possibility of using an agreement on price "undertakings" for electric vehicles instead of countervailing duties on Chinese EVs, the bloc's Directorate-General for Trade announced Nov. 8. The two sides negotiated how to set up a "minimum import price" for the EVs, along with monitoring and enforcement tools.
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The EU noted that World Trade Organization rules allow for price undertakings to be offered to individual companies taking part in the CVD investigation. The EU said the parties agreed to continue talks this week.
China formally challenged the EU's new duties at the WTO on Nov. 6 (see 2411060019).