HONG KONG (Reuters) – China’s commerce minister stated on Wednesday that Beijing will proceed talks “till the final minute” over a European Union electrical automobile investigation that has dented Chinese language corporations’ confidence in investing in Europe.
Wang Wentao was talking on the China-EU Electrical Automobiles occasion in Brussels, the place about 30 executives from the Chinese language and European electrical automobile industries gathered to debate their views on the EU’s countervailing case in opposition to Chinese language electrical autos.
Wang Yi will meet with European Fee Commerce Commissioner Valdis Dombrovskis on Thursday to debate rising commerce tensions.
The European Fee is about to suggest a closing tariff of as much as 35.3% on Chinese language-made electrical autos based mostly on the EU’s customary 10% automotive import tariff.
The 27 EU member states will vote on the proposed closing tariffs on September 25.
