this post was submitted on 08 Nov 2024
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The European Union and China said they made some progress after a week of technical talks in Beijing aimed at scaling back or reversing tariffs that the bloc applied to electric vehicles made in China.

The EU and China have been seeking an agreement on so-called price undertakings — a complex mechanism to control prices and volumes of exports, used to avoid tariffs.

China’s invitation to negotiate in person was seen a sign of some momentum in the talks, according to people familiar with the matter.

Several rounds of talks didn’t yield a solution that meet the EU’s strict requirements, including alignment with WTO rules and compensating for the full effect of the duties. The 27-nation bloc also wants to ensure it can monitor compliance.

Negotiations will continue at a technical level next week, both sides said.

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