2026-01-12 13:53
publication
2026-01-12 13:53
China and the European Union have reached an agreement on a mechanism for setting minimum prices for Chinese electric cars, the Ministry of Commerce in Beijing announced on Monday. Brussels is to publish a guidance document for Chinese exporters on price commitments.
“This progress fully reflects the spirit of dialogue and the results of consultations between China and the EU. The parties have the ability and will to properly resolve differences through consultations within the framework of the rules of the World Trade Organization (WTO),” the ministry said.
In the published statement, the ministry indicated that the parties agreed to provide “general guidance on price commitments” to Chinese companies. This is intended to allow exporters to address EU concerns in a “practical, targeted and WTO-compliant” manner.
The authorities in Beijing noted that The EU assured the application of the “principle of non-discrimination” towards each application and to evaluate offers in an “objective and fair” manner.
The dispute has been ongoing since the European Commission launched an investigation into Chinese subsidies for the electromobility sector in 2023. Brussels argued that state subsidies artificially lower the prices of cars from the PRC, which harms European producers. Beijing has rejected these allegations from the beginning. Last year The Community ultimately imposed additional duties on Chinese cars ranging from 7.8 to 35.3 percent. depending on the company.
The current agreement, as the ministry points out, is intended not only to develop economic relations, but also to “maintain the rules-based international trade order” and the stability of global supply chains.
From Beijing Krzysztof Pawliszak (PAP)
krp/ zm/
