🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

China has shown 'utmost sincerity' over China-EU EV tariff talks, ministry says

Published 07/08/2024, 11:12 AM
Updated 07/08/2024, 11:21 AM
© Reuters. FILE PHOTO: A drone view shows BYD electric vehicles (EV) before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier for export to Brazil, at the port of Lianyungang in Jiangsu province, China April 25, 2024. China Daily via REUTER

BEIJING (Reuters) - China has shown the "utmost sincerity" over consultations relating to a European Union investigation into electric vehicle subsidies, and a comment attributed to an EU official is "grossly inconsistent with the facts," the commerce ministry said on Monday.

Jorge Toledo, the EU's ambassador to China, was quoted by media as saying Beijing had only recently responded to the bloc's request for talks.

© Reuters. FILE PHOTO: A drone view shows BYD electric vehicles (EV) before being loaded onto the

China hopes the European side will show sincerity, push the consultation process forward and reach a mutually acceptable solution as soon as possible, the commerce ministry said in a statement.

"China is bound to take all measures to safeguard its rights and interests against any egregious practices that abuse the rules and suppress China," the ministry added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.