FRANKFURT, Nov 22 (Reuters) - Brussels and Beijing are
nearing a solution over tariffs on Chinese electric vehicle
imports into the bloc, the chair of the trade committee of the
European Parliament told a German broadcaster.
"We are close to an agreement: China could commit to
offering e-cars in the EU at a minimum price," Bernd Lange told
n-tv, without elaborating. "This would eliminate the distortion
of competition through unfair subsidies, which is why the
tariffs were originally introduced."
The European Commission was not immediately available for
comment.
The European Union last month decided to increase tariffs on
Chinese-built electric vehicles to as much as 45.3% in its
highest-profile trade investigation, a move that has divided
Europe and triggered retaliation from Beijing.
The tariffs, which became effective on Oct. 30, were imposed
to counter what it says are unfair subsidies including
preferential financing and grants as well as land, batteries and
raw materials at below market prices.
Despite the tariffs coming into force, both sides have
continued negotiations to find a solution, fuelling hopes
primarily among German carmakers -- which heavily depend on the
Chinese market -- that a trade dispute can be averted.
China's Chamber of Commerce to the EU at the time said it
was profoundly disappointed by the "protectionist" and
"arbitrary" EU measure.