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China requests consultations with Türkiye at WTO over EV import restrictions

China

China

China

China requests consultations with Türkiye at WTO over EV import restrictions

2024-10-08 21:00 Last Updated At:22:37

China has requested consultations with Türkiye at the World Trade Organization (WTO) regarding the additional tariffs and import licensing measures imposed on Chinese electric vehicles (EVs) and other automobiles, according to China's Ministry of Commerce.

A spokesperson with the ministry reported on China's complaint against Türkiye's import restrictions on the Chinese products at a press conference on Tuesday in Beijing.

Türkiye has imposed an additional 40 percent tariff on EVs and other vehicles imported from China, as well as restrictions on import licenses. This discriminatory measure violates WTO rules and is a typical protectionist practice.

China urges Türkiye to abide by its relevant commitments at the WTO and immediately correct its wrong practices.

China will take all available means to safeguard the legitimate rights and interests of its domestic industries, said the spokesperson.

China requests consultations with Türkiye at WTO over EV import restrictions

China requests consultations with Türkiye at WTO over EV import restrictions

China's trade-in program for home appliances during the National Day holiday has led to a surge in sales revenues which topped 17.835 billion yuan (about 2.53 billion U.S. dollars), according to data from the Ministry of Commerce (MOC).

During the seven-day National Day holiday starting on Oct 1, nearly 2.52 million consumers purchased 3.745 million units across eight categories of household appliances through the trade-in program, with sales reaching 17.835 billion yuan.

The eight categories were refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves and range hoods.

Among them, the top three categories were air conditioners, refrigerators and computers, with sales reaching 4.519 billion yuan, 3.797 billion yuan, and 2.624 billion yuan, respectively.

Since the introduction of the trade-in policy for home appliances, about 8.24 million consumers have purchased about 11.78 million home appliances in eight categories, generating sales exceeding 55.793 billion yuan.

"The consumer traffic in our store has increased dramatically, almost tripling that of last year, and our sales have more than doubled," said Wang Yisheng, a home appliance store owner in Nanjing City of east China's Jiangsu Province.

The country also reported a surge in vehicle sales. As of Oct 7 midnight, the MOC's automobile trade-in platform had received over 1.27 million subsidy applications, driving new car sales to exceed 160 billion yuan, of which applications for subsidies related to new energy vehicles accounted for more than 60 percent of the total.

"I have been driving my old car for eight years. I am very satisfied with the power, handling and comfort of the new car. After I learned about the generous incentives offered by the government's 'trade-in' policy, I made the purchase without hesitation," said Mr. Chen, a consumer from Yongzhou City of central China's Hunan Province.

China's home appliance sales surge under trade-in program during National Day holiday

China's home appliance sales surge under trade-in program during National Day holiday

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