The European Union's decision to conduct separate price commitment talks with certain Chinese electric vehicle (EV) firms is raising concerns in Beijing about the potential erosion of mutual trust between the two economic giants.
A spokesperson from the Chinese Commerce Ministry stated on Monday that these separate negotiations could disrupt the overall EU-China negotiation process and lead to increased administrative costs in implementing and supervising price commitment agreements.
During a video conference on October 25, Chinese Commerce Minister Wang Wentao and European Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis discussed the ongoing trade relations. China clarified that the China Chamber of Commerce for Import and Export of Machinery and Electronic Products has been fully authorized by various Chinese enterprises to present a unified price commitment plan representing the industry's stance.
“On this basis, China and the EU have conducted several rounds of consultations with significant efforts made and some progress achieved,” the spokesperson emphasized.
China is urging both sides to build on previous consultations and speed up the negotiation process to achieve substantive breakthroughs swiftly. The hope is to maintain a cooperative relationship and foster continued collaboration in the rapidly evolving EV market.
Reference(s):
EU's separate EV price commitment talks will harm mutual trust
cgtn.com
