Commerce Ministry: China and EU Reach Understanding on Hybrid Vehicle Trade in Accordance with WTO Rules

36Kr reports that the Commerce Ministry released a joint statement from the second meeting of the China-EU trade and investment consultation mechanism. Following intensive consultations, both sides reached an understanding on hybrid vehicle trade in accordance with WTO rules. The parties recalled the price commitment guidelines for the anti-subsidy case involving electric vehicles and will continue relevant procedures regarding enterprise price commitments and reviews for the anti-subsidy case.