China agrees to curb hybrid car exports to the EU after Beijing talks
Beijing will also cut tariffs on some EU goods and ease rare earth licensing. EU leaders must still approve the curb on hybrid car exports, which Šefčovič called only a first step.
Via TNW | Government-policy
China has agreed to moderate its exports of hybrid and plug-in hybrid cars to the EU, which EU trade commissioner Maroš Šefčovič said could cut them by more than half. He announced it on Friday in press remarks in Beijing, after the second round of EU-China trade and investment consultations.
“It is unsustainable and it demands a credible path to rebalancing,” Šefčovič said of the EU’s trade deficit with China.
He called the results three “shared understandings”. China will also…
Courtesy
This story was originally published by TNW | Government-policy. All rights belong to the original publisher.
Read the original on thenextweb.com ↗