China has initiated WTO dispute settlement proceedings against the European Union over countervailing duties on imports of electric vehicles. reported World Trade Organization.
According to the WTO, China has sent a request for consultation to the EU on August 14, 2024. Beijing argues that the measures introduced by the European Union contradict Article VI of the 1994 General Agreement on Tariffs and Trade and some provisions of the WTO Agreement on Subsidies and Countervailing Measures.
According to the organization’s rules, if consultations do not resolve the dispute within 60 days, China can request that the matter be referred to a special judicial board.
European Commission was introduced From July 4, temporary pre-countervailing duties will be imposed on imports of electric vehicles from China, justified by the existence of state subsidies for their production. At this stage, suppliers provide bank guarantees instead of actually paying taxes.
Brussels said it was possible to resolve the issue through negotiations with Beijing by autumn 2024. A final decision on imposing import duties could be made by the European Union in the autumn.
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Source: Gazeta
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