China and the European Union (EU) have reached an agreement to restart talks on proposed price commitments regarding the EU’s anti-subsidy investigation into Chinese electric vehicles (EVs). The decision was announced by the Chinese Ministry of Commerce (MOFCOM) spokesperson, He Yadong, during a press conference on Thursday. This move aims to promote stronger investment and industrial cooperation between Chinese and European companies.
The decision followed a productive meeting between Chinese Commerce Minister Wang Wentao and European Trade and Economic Security Commissioner Maros Sefcovic. The meeting took place on March 28, 2025, and provided both sides with an opportunity to discuss China-EU economic relations in-depth. According to He, the discussions were frank, pragmatic, and aimed at resolving mutual trade concerns.
The two sides emphasized the need for stability and independence in China-EU economic relations, especially amid the current complex and volatile global environment. As part of their discussions, they agreed to use the 50th anniversary of diplomatic ties as a platform for fostering deeper cooperation and dialogue. The goal is to safeguard the multilateral trading system and global supply chains, thus contributing to the stability of the world economy.
He also revealed that both sides had agreed to establish regular ministerial-level communications to address major economic and trade issues. This would allow for routine assessments of bilateral trade concerns and pave the way for further high-level engagements.
The discussions also covered significant trade disputes, including the EU’s ongoing anti-subsidy investigation into Chinese EVs and China’s anti-dumping investigation into EU brandy exports. Both parties reaffirmed their commitment to resolving these disputes through dialogue and consultation, in line with previous agreements made by their leaders.
Moreover, China and the EU have agreed to extend the investigation period for the anti-dumping case on brandy, as requested by the EU. They also discussed other trade matters, including foreign subsidies, cosmetics regulations, agricultural product market access, and government procurement policies. Both sides reaffirmed their commitment to maintaining market openness and ensuring fair competition for businesses.
In conclusion, China and the EU’s agreement to restart price commitment talks on EVs marks a significant step toward enhancing bilateral cooperation. It is expected to foster a more favorable environment for investment and industrial growth between the two economic giants.
