EU's separate EV price commitment talks will harm mutual trust

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The Chinese Commerce Ministry in Beijing, China. /CFP

Mutual trust between the European Union and China will be undermined if the European side conducts separate price commitment talks with certain Chinese firms while engaging in general negotiations with China concerning electric vehicles, a spokesperson from the Chinese Commerce Ministry said on Monday.

This will also disrupt the overall negotiation process and add administrative costs to the follow-up implementation and supervision of price commitment agreements, the spokesperson stated.

During a talk held via video link on October 25 between Chinese Commerce Minister Wang Wentao and European Commission Executive Vice President and Trade Commissioner Valdis Dombrovskis, China made it clear that the China Chamber of Commerce for Import and Export of Machinery and Electronic Products had been fully authorized by various types of Chinese enterprises to put forward a price commitment plan that represents the overall position of the industry.

"On this basis, China and the EU have conducted several rounds of consultations with significant efforts made and some progress achieved," the spokesperson said.

China hopes that the two sides will build on previous consultations and accelerate the negotiation process to secure substantive breakthroughs as soon as possible, the spokesperson added.

Source(s): Xinhua News Agency