The EU will limit imports of Chinese hybrid cars to 350,000 per year

The European Union will limit imports of Chinese hybrid vehicles to 350,000 cars a year, with a safeguard measure likely to come into force as early as December 1. The limit will apply to the first year of validity of the measure, and then increase by 6% per year starting from the second year. Bloomberg reports this, citing a document it has seen.

The measures will remain in force for four years, during which both parties will undertake to respect the rules of the World Trade Organization (WTO). The cap will apply to all imports of hybrid vehicles, not just those from China, to respect the principle of non-discrimination provided for by WTO rules.