Recently, the second regular meeting of the Sino-European Trade and Investment Consultation Mechanism was successfully held in Beijing. The two sides held equal, professional and constructive talks on various topics, and reached consensus on many outcomes. The China Chamber of Commerce for Import and Export of Mechanical and Electrical Products expressed full support and high appreciation for the positive results achieved in this negotiation. The China Electromechanical Chamber of Commerce has taken special note that the two sides have reached an important agreement in the field of automobile trade. The China Mechatronics Chamber of Commerce is very excited about this. In terms of hybrid vehicles, the two sides reached an understanding on the trade arrangement based on the principles of mutual respect and equal consultation, which fully accommodated the legitimate concerns of both industries based on reality. This arrangement has provided a stable, predictable and sustainable trade environment for the industries of both sides, avoided the escalation of trade frictions, safeguarded the actual interests of Chinese enterprises, and laid a solid foundation for the healthy and stable development of the hybrid vehicle trade between China and Europe. In terms of electric vehicles, the two sides reviewed the general guidance document on price commitments in countervailing cases, and the two sides will continue to push forward the relevant procedures for enterprise price commitments and review. This achievement also has positive value and helps Chinese enterprises actively seek legitimate rights and interests in exports to Europe.

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