EU plans to cut imports of hybrid cars from China

Brussels plans to halve the import of hybrid cars from China, Bloomberg reports, citing sources.

“The European Union intends to use protective measures to halve the number of hybrid cars imported from China,” the material says.

According to the agency, European Trade Commissioner Maros Sefcovic told European officials that Brussels will next week discuss a mechanism for limiting imports with the bloc's leaders, which will likely involve the use of protective measures.

Such measures include tariff quotas, Bloomberg clarifies.

It is noted that if this initiative is agreed upon by the EU, measures could be introduced as early as December.

Negotiations between the European Commissioner for Trade Maros Sefcovic and the Minister of Commerce of the People's Republic of China Wang Wentao took place in Beijing on October 8-9. The Chinese Ministry of Commerce said that the parties have reached an understanding on the trade of hybrid cars.