MOFCOM said China and the EU agreed to use a trade-monitoring mechanism and will
explore, within WTO rules, the possibility of lowering tariffs on selected
goods. The sides will open technical talks on the EU foreign subsidies
regulation. They will continue dialogue with the EU on the bloc’s guidance for
financing inverter projects and on cosmetics and drug regulation, and will
exchange on market access for medical devices and agricultural products. The two
parties held in-depth talks on electric and hybrid vehicle trade, averting
escalation and protecting Chinese exporters and the stability of China-EU hybrid
car trade.
