Brussels (Brussels Morning Newspaper) – Chinese and EU teams have reached a “technical consensus” in recent EV discussions, after in-depth talks on the specifics of the price commitment plan for China-made EVs.
As reported by Western media, Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV, stated in a post. The report came amid assertions from some Western media that China and the EU have made very little progress in negotiating price commitments as an alternative to tariffs, which makes the prospect of reaching an agreement slim. They even expressed it is China that has not brought up a project that satisfies the European side.
However, such reports were made intentionally to deceive public opinion and disrupt the negotiation strategy, Yuyuan Tantian wrote. China and the EU have made advancements in negotiations on a proposed price pledge plan concerning Chinese EVs, a Chinese commerce ministry spokesperson expressed last week.
Chinese and EU technical crews held five rounds of discussions in Beijing from November 2 to 7, engaging in in-depth discussions on the specifics of the price commitment plan offered by the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, the spokesperson stated.
What is the ‘technical consensus’ between China and the EU?
According to Yuyuan Tantian, China and the EU have reached a “technical consensus,” especially on the price commitment framework and understanding implementation mechanism after the latest rounds of talks. The “consensus on the price pledge framework” means that both parties in this round of talks have reached a certain consensus on the overall framework, indicating that both parties are willing to concentrate their resources on negotiations of core interests and work toward the same goal, Yuyuan Tantian reported.
Yuyuan Tantian announced that if China and the EU reach a price commitment agenda, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CME) will play a core function in the implementation and supervision.
Those who refuse the progress of the negotiations are not only attempting to pour cold water on the talks but also moving the responsibility to China with ulterior motives, arguing that China has not come up with a strategy that satisfies the European side. Negotiation is a concern for both parties. While, in the previous phase of negotiations, the reasons for the differences and difficulties were closely linked to what the European side did, Yuyuan Tantian wrote.
