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China trade chamber slams EU protectionist tariffs on EVs

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China trade chamber slams EU protectionist tariffs on EVs

2024-08-21 20:45 Last Updated At:22:37

The China Chamber of Commerce to the European Union (CCCEU) Tuesday strongly deplored and firmly rejected the EU's protectionist measures against Chinese electric vehicle (EV) makers by slapping hefty import duties.

The European Commission, the European Union's executive arm, Tuesday unveiled a draft decision to impose extra duties on China-made battery electric vehicles. The proposed duties will range from 17 percent to 36.3 percent over a five-year period, which includes a specific 9 percent duty on Tesla vehicles produced in China.

In response, China's Ministry of Commerce said in a statement that this decision is based on facts unilaterally determined by the EU, rather than mutually recognized facts, and China will take all necessary measures to defend the legitimate rights and interests of Chinese enterprises.

The China Association of Automobile Manufacturers strongly opposes the EU's latest moves on imported Chinese NEVs. The organization said the decision has brought risks and uncertainties to Chinese investment in Europe and has damaged business confidence in the region. The association urged the EU to engage in bilateral cooperation and strengthen dialogue with China, to jointly safeguard the development of the automotive industry and the security of the global automotive industry chain and supply chain.

Meanwhile, the China Chamber of Commerce to the EU has termed these measures as protectionist, warning that they could disrupt both the European electric vehicle industry and the global green transition. The chamber has urged the EU to reconsider its stance and to promote free trade and cooperation between China and Europe.

"The China Chamber of Commerce to the EU expressed strong dissatisfaction and firm opposition to the European Commission's trade protectionism. It should be pointed out that the development of the European automotive industry and the European report both show that there is insufficient evidence to prove that China's new energy vehicles have caused substantial damage to the European market. The EU investigation, unilaterally initiated by the European Commission, was not based on complaints from the industry. The EU claim of the threat of damage was also based only on speculation and a very small possibility. This is against fairness and relevant WTO rules, which is unacceptable to the industry," said Fang Dongkui, secretary general of the CCCEU.

Fang said Chinese EV brands' increased market share in the EU is a natural process thanks to their rising international competitiveness. Technological innovation, globally competitive industrial clusters, full-market competition and agile supply chains have made the Chinese EV industry increasingly competitive on the international stage, he said.

The investigation's negative effects on trade, bilateral relations, and efforts to tackle global climate change are increasingly evident, Fang said.

"We call on the EU and its member states to listen carefully to the voices of the Chinese and European automotive industries, view China's electric vehicles and market opportunities in an objective and rational way, and cancel the anti-subsidy tariff arrangements on electric vehicles manufactured in China from the perspective of promoting free trade, respecting globalization, and boosting the world's green transformation, so as to truly promote the mutually beneficial and win-win development of the China and European automotive industry chains and avoid escalating trade frictions between the two sides," he said.

The EU remained China's second-largest trade partner in the first seven months of the year, with bilateral trade reversing a downward trend to grow by 0.4 percent year on year, underscoring the resilience and complementarity of the two economies, latest data from Chinese customs showed.

China trade chamber slams EU protectionist  tariffs on EVs

China trade chamber slams EU protectionist tariffs on EVs

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Chinese premier lands in Abu Dhabi for visit

2024-09-12 20:50 Last Updated At:21:07

Chinese Premier Li Qiang arrived in Abu Dhabi on Wednesday for an official visit to the United Arab Emirates (UAE) at the invitation of the UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.   Upon his arrival, Li said that bilateral ties between China and the UAE have maintained strong growth momentum since the two countries established diplomatic relations 40 years ago, and their friendship has grown stronger and continues to flourish.

Li noted that the meeting between Chinese President Xi Jinping and UAE President Sheikh Mohamed bin Zayed Al Nahyan in May has drawn a new blueprint for China-UAE ties, charting the course and injecting strong momentum for advancing bilateral relations and cooperation.

Li pointed out that under the strategic guidance of the two heads of state, China-UAE relations have developed comprehensively, rapidly and in depth with practical cooperation in various fields going deeper and cultural exchanges becoming increasingly active.

The two countries have maintained close communication and coordination on multilateral platforms, continuously contributing to peace, stability, prosperity and development of the region and the world at large, he said.

Guided by the important consensus reached by the two heads of state and taking the opportunity of the 40th anniversary of the diplomatic ties between the two countries, Li said he looked forward to having in-depth exchanges with UAE leaders and people committed to China-UAE friendship in various sectors to deepen and solidify the China-UAE comprehensive strategic partnership and achieve more fruitful results in exchanges and cooperation in various fields.

The UAE is the second and final leg of Li's four-day tour to the Middle East, which began in Saudi Arabia on Tuesday. He chaired the Fourth Meeting of the High-Level Chinese-Saudi Joint Committee in the Saudi capital of Riyadh and paid an official visit to the country.

Chinese premier lands in Abu Dhabi for visit

Chinese premier lands in Abu Dhabi for visit

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