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EU trade defence: Commission explores individual price undertakings with Chinese EV makers after CCCME impasse, as alternative to countervailing duties of up to 35.3% before 30 October deadline

Published on: 16 October 2024

Published by an LexisNexis International Trade expert
Legal News
Article summary

An MLex source stated that, in addition to the CCCME proposal, several further offers on price undertakings have been tabled, and the Commission remains prepared to pursue discussions on them. Since mid-September 2024, the EU has conducted intense talks with the CCCME, which represents the 12 largest Chinese EV makers, including Geely, BYD and SAIC, on an undertaking deal that would permit them, under certain strict conditions, to avoid paying the planned EU countervailing duties. Those Chinese government-controlled negotiations fell apart on 11 October 2024, as the two sides were unable to overcome wide differences over the key...

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