China and the EU have agreed to continue technical talks as the bloc’s deadline for an EV tariffs decision is October 30th.
China has also warned the EU against holding private negotiations with EV companies, saying mutual trust would be broken.
China has also warned the EU against holding private negotiations with EV companies, saying mutual trust would be broken.
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00:00Well essentially we had that vote at the start of this month on October 4th, which
00:06really was the big one for member states to have their say on whether these
00:10tariffs should go into effect. 10 voting in favor, 5 voting against, 12
00:16abstaining. So that means effectively that member states by consensus gave the
00:22green light for these tariffs to take effect on Thursday as we've heard there.
00:27That does however still leave the door open to future negotiations. So that's
00:31not to say that come Thursday the door is shut for these conversations. That is
00:36why we've heard from both the Chinese Commerce Ministry as
00:41well as EU officials here in Brussels saying that they are hoping that these
00:45talks will continue. Of course we've had eight rounds of technical talks so far.
00:51China's Commerce Ministry inviting the EU for another round of technical
00:55discussions in China. But according to the EU they say that substantial gaps
01:01remain and these latest comments from China's Commerce Ministry further
01:06elaborate and expand on that point of perhaps how big those gaps do remain.
01:12Could you just clear up for us Will, when is the EU going to make its
01:16final decision then and what can we expect to happen next?
01:22Well essentially the decision as far as member states is final that that vote
01:27was putting forward that they were happy for these tariffs to take effect.
01:31Tariffs that would potentially be in effect for at least five years. What this
01:39move later this week is simply a ratification that these tariffs will
01:42start to come into effect so these various companies will start seeing
01:47these duties come into place. Negotiations will though continue in
01:52the background if indeed there's no solution found between China and the
01:58European Commission by then. That is why the EU is perhaps leaving the door open
02:04as far as they've said in their latest statement to negotiations to go along
02:08not just between the EU and China but with individual companies. That of course
02:12as we're hearing from China's Commerce Ministry has had cold water poured over
02:19it so negotiations are still expected to continue whether or not these tariffs do
02:26indeed take effect a little later this week.