Brussels (TDI): China and the European Union (EU) are reportedly nearing an agreement to resolve a trade dispute over tariffs on Chinese electric vehicles (EVs), according to Bernd Lange, Chair of the European Parliament’s Trade Committee.
The potential resolution may involve China committing to a minimum price for EVs in the European market, aiming to address EU concerns about competition distortion caused by subsidies.
The agreement, if finalized, could ease tensions and strengthen trade ties between the two sides, according to media reports.
Lange’s remarks come amidst growing dialogue between Beijing and Brussels, with multiple rounds of consultations held since early November.
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A proposed price commitment plan submitted by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products has been central to discussions.
Chinese experts have welcomed the development, noting it signals a commitment to resolving trade issues through dialogue.
This progress coincides with recent high-level meetings between Chinese and European leaders, including discussions between Chinese President Xi Jinping and German Chancellor Olaf Scholz during the G20 summit.
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President Xi reiterated China’s preference for resolving trade disputes through consultation.
While EU officials have acknowledged “technical progress” in discussions, no official statement has been released confirming an agreement.
Observers believe the resolution could foster mutual economic benefits, including boosting the EU’s green transformation and attracting Chinese investment.
Efforts to finalize the deal reflect a shared interest in preventing the escalation of trade conflicts and aligning with global sustainable development goals.
