China has appealed to the World Trade Organization (WTO) regarding the European Union‘s (EU) temporary compensatory measures on Chinese electric cars.
These measures, announced by the European Commission, involve preliminary compensatory duties due to concerns about state subsidies for these vehicles.
Starting July 4, the EU imposed preliminary duties on Chinese electric cars, requiring suppliers to provide bank guarantees.
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Actual duties will only be collected if the EU’s final decision supports the introduction of these duties, which might occur in the fall. There’s still a chance for negotiation and resolution before this decision is finalized.
The Chinese Ministry of Commerce argues that the EU’s preliminary decision lacks factual and legal support, violates WTO rules, and could damage global climate change cooperation.
China is calling for the EU to correct its actions and support trade and economic cooperation between China and the EU.
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The European Commission’s investigation found that Chinese electric cars were receiving “unfair” state support, leading to the imposition of these temporary duties.
