Technical negotiations concluded, ‘Political will’ is missing Brussels
China and the European Union are close to the agreement on the duties relating to the import of electric vehicles: this is what the state media of Beijing report, which reject the fears of “deviation” of commercial exchanges from the USA to the EU. To resolve the controversy, the “final step” depends on Brussels’ political will “, Yuyuan Tantian, a social account connected to the CCTV network, reported on Friday evening, while the Xinhua agency today defined the fears of” deviation of commercial exchanges “as” grossly exaggerated “.
The parties have largely aimed at the part of the “technical negotiations”, defined as substantially concluded, pending the “final step. The key now depends on the EU’s ability to demonstrate the political will necessary to push towards a resolution of the matter,” said Yuyuan Tantian.
The Xinhua, in a comment, rejected the voices of a new “Chinese shock”, defining “coarsely exaggerated” the fears that the exports of the dragon, deviated by the US duties, were flooding Europe. In April, Beijing and Brussels agreed to negotiate a “price commitment” mechanism that would have allowed E-Car Chinese manufacturers to avoid duties respecting minimal export prices. The controversy focuses on European anti-Siussid rates up to 45.3% imposed in October 2024 on mandarins electric vehicles against the huge state subsidies and the lower production costs of Chinese companies.
The progress reported in the interviews come in view of the China-EU of Beijing summit of 24-25 July to celebrate 50 years of bilateral relationships and which should have commercial issues at the top of the agenda. Over the past two years, Brussels has contested several commercial issues, including full -bodied subsidies, dumping strategies and other practices that “distort the market”, with numerous investigations in progress or during planning.
