August 10, 2024

China on Friday initiated dispute settlement proceedings against the EU's provisional anti-subsidy measures against Chinese electric vehicles (EVs) at the WTO to safeguard the interests of its EV industry's development and global green transition cooperation, China's Ministry of Commerce (MOFCOM) said on Friday.

Experts said that the move suggests that China has legitimately resorted to the multilateral mechanism to address the China-EU dispute over provisional tariffs on China-made electric cars. Mediation through the WTO could lead to some new changes in discussion mechanisms within the bloc, they noted.

Industry insiders also urged the EU to face up to healthy competition with China in the EV sector and ramp up green cooperation, in order to maintain the stable development of bilateral economic and trade ties as well as jointly address climate change. 

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