Beijing, 10 August 2024 (TDI): China on Friday initiated dispute settlement proceedings against the European Union’s (EU) provisional anti-subsidy measures against Chinese electric vehicles (EVs) at the WTO.
The initiative is aimed to to safeguard the interests of Chinese EV industry’s development and global green transition cooperation, China’s Ministry of Commerce (MOFCOM) said on Friday.
Experts said that the move suggests that Beijing has legitimately resorted to the multilateral mechanism to address the China-EU conflict over provisional tariffs on China-made electric cars. Mediation through the World Trade Organization could lead to some new changes in discussion mechanisms within the bloc, they added.
Healthy Competition
Industry insiders also urged the EU to face up to healthy competition with Beijing in the EV sector and ramp up green cooperation, in order to maintain the stable development of bilateral economic and trade relations as well as jointly address climate change.
According to the MOFCOM official website, the ministry said that the findings in the EU’s preliminary decision lack factual and legal basis, seriously violate WTO rules, and jeopardize the overall situation of international cooperation in addressing climate change.
We urge the EU to immediately rectify its wrong practices and jointly protect China-EU economic and trade cooperation and the stability of the EV industry and supply chains, the ministry said.
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“The MOFCOM’s move is a legitimate response by Beijing to the EU’s probe and subsequent decision to impose provisional tariffs on Chinese EVs against WTO rules. It also shows that Beijing uses the multilateral platform to resolve bilateral trade conflicts, which will assist in keeping the trade and economic ties on track,” Jian Junbo, deputy director of the Center for China-Europe Relations at Fudan University’s Institute of International Studies, said.
He added that China is taking diversified approaches to addressing the problem, in order to avoid bringing things to an impasse.
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