In a strong statement at the Istanbul Energy Forum, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto condemned the European Union's recent decision to impose tariffs on Chinese-made electric vehicles (EVs).
Szijjarto described the EU's move as \"anti-democratic,\" highlighting that only 10 out of the 27 EU member states supported the tariffs. He emphasized that the decision is detrimental to the EU economy, potentially disrupting trade relations and economic growth within the bloc.
The Hungarian official advocated for enhanced cooperation with China, particularly in the economic sphere. \"We are in favor of enhancing cooperation with China,\" Szijjarto stated, noting the significant presence of Chinese investors in Hungary.
He further urged the EU to pursue more active and collaborative trade and economic relations with China, suggesting that such cooperation would be more beneficial than the current tariff strategy.
In response to the EU's announcement made on October 29, which imposes tariffs of up to 45.3 percent on Chinese EVs for at least five years, the Chinese Commerce Ministry acknowledged progress in negotiations. On November 8, a spokesperson confirmed that discussions on a proposed price commitment plan concerning Chinese EVs had advanced, signaling potential resolutions to the trade tensions.
Reference(s):
cgtn.com
