
China and the European Union have reached an agreement on the trade of hybrid cars compliant with WTO rules, as announced by the Chinese Ministry of Commerce.
AI-generated summary
China and the EU held trade consultations on the automotive sector.
China and the European Union have reached an agreement on the trade of hybrid cars, following consultations between the two parties' trade managers. This was reported by the Chinese Ministry of Commerce, citing a joint statement released on Friday.
“After intensive consultations, the two sides have reached an understanding on trade in hybrid vehicles in a manner compliant with World Trade Organization (WTO) rules,” the statement read. Beijing and Brussels will also continue the procedures relating to the price commitments made by the companies, without providing further details on the terms of the agreement.
AI outlook — possibilities, not facts
Continuation of procedures on companies' price commitments
Very likely · Within weeks

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