China, EU technical teams hold five rounds of price negotiations related to tariffs

Technical teams from China and the European Union have conducted five rounds of consultations regarding the price commitment proposal in the EU's anti-subsidy case on China-made electric vehicles, the Ministry of Commerce announced on Friday.

These consultations were held in Beijing from Nov 2 to 7 and certain progress was achieved. Both sides agreed to continue consultations via video or other means, said the ministry's spokesperson in an online statement.

China believes that advancing consultations based on the price commitment proposal submitted by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, which represents the industry, will help maintain mutual trust and accelerate the pace of reaching consensus, said the commerce official.

This approach also aims to resolve differences through dialogue, preventing the escalation of trade frictions, according to the statement.