Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Jan. 15 (Xinhua) — Properly handling the electric vehicle issue between China and the EU within the framework of World Trade Organization (WTO) rules and in the spirit of mutual respect is of great positive significance in the current international situation, Ministry of Commerce spokesperson He Yongqian said Thursday.
On January 12, China and the EU announced positive results after several rounds of consultations, which attracted wide attention from various circles both at home and abroad, she noted at a regular press conference.
The business communities of both China and the EU highly welcomed and fully endorsed the progress made, He Yongqian noted, adding that the "soft landing" of this case will greatly strengthen market confidence and inject new impetus into China-EU cooperation in automobile trade and investment.
She quoted an EU politician as calling the development a positive step towards building sustainable trade relations between China and the EU and saying it demonstrated that resolving trade differences through partnership remained possible.
Proper regulation of the electric vehicle issue will not only contribute to the sustainable development of trade and economic relations between China and the EU, but also to the stability of production and supply chains in the global automotive industry.
Moreover, this move sends a clear and strong signal to the world that China and the EU are willing to jointly uphold the rules-based order of international trade, set a good example of resolving differences through dialogue and consultation, and inject greater certainty and positive impetus into global economic development, He Yongqian concluded. -0-
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