(Source: Xinhua News Agency, 2024-09-19)
The reporter learned from the Ministry of Commerce that in recent days, Minister of Commerce Wang Wentao has been in Europe to discuss the EU's anti-subsidy case against China's electric vehicles and met with European Commission Executive Vice President and w88 Commissioner Dombrovskis.
Now, it is almost a year since the European Commission launched a countervailing investigation into China's electric vehicles in October 2023, and there is still more than a month until the final ruling. Whether China and the EU can negotiate a mutually acceptable solution has attracted much attention.
What do you think of the negotiation situation?
On September 17, Wang Wentao met with Schmidt, Minister of the German Chancellery, in Berlin. Schmidt said that Germany strongly hopes that the EU and China will properly resolve the electric vehicle case through dialogue and consultation, and always believes that imposing additional tariffs is not the solution.
The day before, Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Tajani also stated in a meeting with Wang Wentao that the European Commission was required to handle the case in strict accordance with WTO rules and relevant EU legal regulations to avoid interference with China-EU economic and w88 cooperation.
Judging from the attitudes of many EU member states, promoting cooperation through talks and avoiding escalation of friction is still what the people want, but it also faces huge pressure.
On September 12, the European Commission stated that the price commitment solutions submitted by the China Chamber of Commerce for Machinery and Electronics and all electric vehicle manufacturers regarding the EU electric vehicle countervailing case did not meet the requirements, and the European side planned to reject the relevant price commitment application.
The Ministry of Commerce responded that the European Commission’s rejection of the relevant plan without detailed evaluation not only undermines the confidence of the Chinese industry in continuing cooperation, but is also inconsistent with the expectations of EU member states, and is inconsistent with its public statement that it hopes to resolve the case through dialogue.
As the final ruling time approaches, the European Commission’s decision reflects that the game between all parties has become more complicated and sharp.
For Chinese companies, high tariffs not only mean higher export costs, but also increased investment risks in Europe. Once it is labeled as a "subsidy" by the EU, it may become an excuse for the EU to launch "Foreign Subsidy Regulations" investigations into companies investing in Europe in the future, affecting Chinese companies' investment decisions in Europe.
From the meeting of senior leaders from China and many European countries, to more than ten rounds of intensive consultations between Chinese and European working teams, to the Chinese industry proposing a package of solutions... China has been consistent in its sincerity and determination to advance consultations and negotiations, stating that "it will take all necessary measures to firmly defend the legitimate rights and interests of Chinese enterprises."
In the coming weeks, the 27 EU member states will vote on the final ruling. For many countries that originally hoped to attract Chinese investment, they were unwilling to "shoot themselves in the foot". Controversies, doubts and swings have become more prominent, and there are more and more opposition voices.
Spain, which voted in favor in the preliminary vote, made a "180-degree turn" and said that the EU should "reconsider carefully" its decision to impose tariffs on Chinese electric vehicles. Germany also changed from its original abstention to opposition. In addition, EU countries such as Sweden, the Czech Republic, and Hungary, as well as many European car companies, have also continued to speak out against the European Commission's decision.
Even so, the European Commission still insists on going its own way, not only continuing to insist on cutting high temporary countervailing tax rates, but also rejecting solutions proposed by the Chinese industry. It can be seen from this that the price negotiation is just a cover. This case has gone beyond the purely economic scope and politicized economic and w88 issues, greatly increasing the difficulty of negotiations.
"The w88 frictions faced by our country are mixed with more political factors. Especially in some important industries, there are cases where some countries have joined forces to take measures against our country." Cui Fan, a professor at the w88 casino, said.
According to statistics, as of September 15, there have been 119 w88 remedy cases against my country this year, which is close to the historical high of 131 cases in 2020.
In fact, many countries, including China, have experienced countervailing investigations in industries with export advantages.
The reporter has sorted out many typical cases in the field of economic and w88 frictions around the world. Some have reached good agreements through negotiations after final rulings, such as the EU's anti-dumping case against China's photovoltaic products and the EU's anti-dumping case against China's castings. There are also cases where no agreement has been reached after decades of negotiations, such as the US-EU Boeing and Airbus aircraft subsidy disputes. There are also cases where it seems to have reached an agreement, but has adversely affected the countries involved.
“This electric vehicle countervailing case is complex and has a wide impact, and we need to look at it with a more calm mind.” Liang Ming, director of the Institute of Foreign w88 of the Ministry of Commerce Research Institute, said that China does not preset the outcome of negotiations, nor will it make inappropriate compromises. China will not make concessions on major issues involving national and corporate interests.
The Ministry of Commerce stated that "China has the greatest sincerity to properly resolve differences through dialogue and consultation, and also has the greatest determination to safeguard the legitimate rights and interests of Chinese enterprises," sending a clear signal to defend core interests.
This is not only a clear stance on China’s foreign economic policy, but also a firm belief in the general trend of world development.
On the one hand, the development of the global electric vehicle industry, which is in the ascendant, requires globalization based on the comparative advantages of all parties. This is an economic law and an industrial law, and it does not depend on human will.
On the one hand, the economic and w88 field has increasingly become the main battlefield of strategic competition. As an important global economy and a major trading country, China will also face more rough challenges on the way forward, including encounters and protracted wars.
In the extremely unusual reality of economic globalization, no matter what the outcome of negotiations and consultations is, only by adhering to core interests, basing ourselves on long-term development, and hedging the uncertainty of the external environment with the certainty of our own development can we turn crises into opportunities, take the initiative, and win the future.
“How the market chooses, time will give the answer.” Tu Xinquan, dean of the China World w88 Organization Research Institute at the w88 casino, said that the more complex and severe the development environment becomes, the more it is necessary to enhance the awareness of opportunities and risks, firmly consolidate development advantages through technological innovation and industrial upgrading, and remain invincible in international market competition.
Attached is the original link: https://h.xinhuaxmt.com/vh512/share/12196853?d=134da17&channel=weixin.
