ALBAWABA - China's Minister of Commerce, Wang Wentao, is heading to Brussels next week to meet with the Chief of Trade of the European Union, as Beijing is making one last attempt to halt tariffs on Chinese electric vehicles, AFP reports citing officials.
Earlier last month, the European Commission, which is in charge of the trade regulation of the European Union, made the announcement that it would impose import fees upwards of 36 percent on electric cars in addition to the regular 10% automobile import duty that the EU imposes.
A spokesman for the Chinese Ministry of Foreign Affairs said that Wang would meet with Valdis Dombrovskis, the Executive Vice President and Trade Commissioner of the European Commission on September 19. These discussions will take place at a typical press conference.
Each of the 27 nations of the European Union will have the opportunity to vote on the proposed final tariffs. Unless an authorized majority of 15 EU members comprising 65% of the EU population vote in opposition to the levies, they will be enforced by the end of October.
Li Feiyi, Chinese Vice Minister of Commerce, said during talks with Sabine Weyand, trade director and general of the European Commission, that “the Chinese side believes that as long as the European side shows sincerity and makes positive efforts, concerns on both sides can be resolved through consultations,” as reported by Auto News.
