People who visited the ‘2024 Paris Motor Show’ press day held at the Port de Versailles exhibition hall in Paris, France on the 14th are looking around the Xpeng automobile booth. (Photo/Xinhua News Agency)
[신화망 베이징 10월27일] On the 25th, China’s Minister of Commerce, Wang Wentao (王文濤) held a video conference with Valdis Dombrovskis, Senior Vice President for Trade of the European Union (EU).
According to the Ministry of Commerce on this day, both sides clearly stated that they would maintain the price promise as a solution to the EU’s anti-subsidy issue for Chinese electric vehicles and prepared guidelines for the direction of the next stage of negotiations.
At the meeting, the two sides had a professional, substantive, frank and constructive discussion on the EU’s anti-subsidy issue for Chinese electric vehicles. Both sides looked back on the progress made in the previous stage of negotiations and repeatedly declared their political will to narrow their differences through dialogue.
Director Wang pointed out that the next stage of price commitment negotiations should be conducted according to the ‘substantive and balanced’ principle on the basis of considering each other’s core interests, and should take into account the effectiveness of the agreement and the core interests of the company. He further emphasized that a bilateral communication mechanism should be established for the implementation and supervision and management of price promises based on mutual trust.
Director Wang strongly appealed to all sectors of China and Europe to resolve the matter smoothly and expressed that he had high expectations. Since the 20th of last month, the two sides have conducted intensive negotiations on price commitments, and although positive progress has been made in some areas through the efforts of both sides, it is pointed out that there are still major differences of opinion on issues related to the core interests of the Chinese and European industries. did it
He said that the Chinese side will firmly protect the legitimate rights and interests of enterprises, and that the two sides will continue to jointly promote negotiations based on the previous stage of negotiations to quickly achieve a substantive breakthrough, meet the expectations of various circles in China and Europe, and achieve common ground between Chinese and European industries. He emphasized that he hopes to protect the interests and the broad framework of economic and trade cooperation between China and Europe.
The European side made specific suggestions on how to promise prices and suggested that technical teams from both sides conduct video negotiations on this. The Chinese side agreed to begin the next phase of negotiations immediately and welcomed the European technical team’s early visit to China.
In addition, the two sides exchanged opinions on the trade relief investigation launched by China targeting related products such as brandy, pork, and dairy products from the EU. The Chinese side emphasized that the above matter was initiated upon the application of a Chinese domestic industry and is in compliance with the rules of the World Trade Organization (WTO) and Chinese law. In addition, the Chinese side added that it will continue its investigation within the bounds of the law and fully guarantee the legitimate rights and interests of each party.
Original source: Xinhua News Agency Korean News Service
