BEIJING, Jan. 12 -- China and the European Union have agreed on the necessity of providing general guidance on price undertakings for Chinese companies exporting battery electric vehicle (BEV) passenger cars to the EU, according to China's Ministry of Commerce on Monday.
The move aims to address relevant concerns in a way that is more practical, targeted and consistent with WTO rules, the ministry said in a statement.
It noted that in the spirit of mutual respect, the two sides have conducted multiple rounds of consultation in order to implement the consensus of the China-EU Summit and properly resolve the EU's anti-subsidy case concerning Chinese BEVs.
To that end, the European Commission on Monday issued guidance on the submission of price undertaking offers, covering various aspects that should be addressed in any such offer, including the minimum import price, sales channels, cross-compensation, and future investments in the EU.
Each price undertaking offer is subject to the same legal criteria, and the commission will conduct each assessment in an objective and fair manner, following the principle of non-discrimination and in accordance with WTO rules, the commission said. (....)