Handel: EU und China einigen sich im Streit um Hybrid-Exporte

Beijing and Brussels have reached an agreement to prevent a trade escalation, according to a joint statement from the EU Commission and China's Ministry of Commerce. The EU and China have found common ground on the trade of hybrid vehicles in line with World Trade Organization regulations, as outlined in the statement released on Friday evening.

Additionally, a compromise regarding electric vehicle tariffs appears to be in the making. The agreement will limit the import of Chinese hybrid and plug-in hybrid vehicles into the EU, EU Trade Commissioner Maros Sefcovic announced during a press conference in Beijing. Over the next four years, the number of hybrid and plug-in hybrid vehicle imports is expected to be half of what was previously anticipated, resulting in "several million fewer Chinese vehicles" entering the European market than without the agreement.

The exact number of vehicles China will be allowed to export to the EU and how this figure compares to current imports remain undisclosed. Sefcovic declined to provide further details on the agreement and stated that he will present the deal to EU government leaders first, who must decide whether to accept the compromise with China.