2024-06-27 13:25:55
BEIJING (Reuters) – China hopes talks with the European Union on preliminary tariffs on Chinese language electrical autos set to take impact on July 4 will result in a “mutually acceptable answer”, its Commerce Ministry mentioned on the Thursday-fair.
Beijing is asking the EU to scrap plans to impose restrictions, in keeping with Chinese language state media, however the bloc has mentioned it expects China to come back to talks this week with a roadmap to “deal with on dangerous subsidies” to its electrical automobile business there’s a negotiated end result.
China has lengthy rejected accusations of unfair subsidies, saying the event of its electrical automobile sector is the results of benefits within the sector’s know-how, market and provide chains.
“At present, the working groups on either side are in shut communication and intensifying their consultations,” mentioned He Yadong, a spokesman for the Ministry of Commerce, at a press convention.
“It’s hoped that the EU and China will work in the identical course … and attain a mutually acceptable answer to stop rising commerce frictions from adversely affecting financial relations and commerce between China and the EU,” he mentioned.
The Ministry of Commerce additionally mentioned it has acquired and is reviewing supplies submitted on behalf of the Chinese language electronics business in reference to the EU commerce boundaries investigation.
(Reporting by Joe Money and Beijing Editorial)
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