EU and China Strive for Trade Agreement on Electric Vehicles

The European Union and China are seeking a mutually agreeable solution concerning tariffs on electric vehicles imported from China. EU Trade Commissioner Valdis Dombrovskis highlighted the need for an effective, enforceable, and WTO-compatible solution. Both sides agreed to reconsider price undertakings and instructed their teams to intensify efforts.

The European Union and Beijing are working toward a 'mutually agreeable solution' concerning EU-imposed tariffs on Chinese electric vehicles, EU Trade Commissioner Valdis Dombrovskis stated on Thursday.

In a statement, Dombrovskis noted that both parties reaffirmed their commitment to finding an effective, enforceable, and WTO-compatible resolution.

Both sides also agreed to reevaluate price undertakings, with the directive for their teams to maximize efforts in achieving a mutually satisfactory outcome.

(With inputs from agencies.)