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EU's EV tariff approach leaves room for remediation: scholar




EU's EV tariff approach leaves room for remediation: scholar

2024-06-14 17:02 Last Updated At:20:57

The European Commission's plan to impose provisional additional tariffs on Chinese electric vehicles (EVs), while reflecting protectionism, still leaves room for maneuver, an expert on European studies underlined on Friday.

The European Commission on Wednesday proposed the provisional additional tariffs ranging from 17.4 to 38.1 percent in its preliminary ruling on anti-subsidy probe into Chinese EVs.

The notion that subsidy alone gives Chinese EVs the edge is missing the bigger picture, according to Wang Yiwei, director of the Center for European Studies at Renmin University of China, who pointed out that China's EV sector is leading the world in various aspects including relevant services, infrastructure and electricity costs.

The scholar noted that the European Union (EU) could still return to the right track of market openness, as its members exhibited strong differences in the new tariff approach. According to reports, the provisional measures would not become permanent if a qualified majority of EU states, 15 countries representing at least 65 percent of the bloc's population, vote against the move.

"After months of investigation, the EU decided to impose provisional tariffs on Chinese EVs in stages, on the grounds that China subsidized the EV sector. This reflects that China is already in a leading position in the EV sector, and Europe is engaging in protectionism. However, this taxation also leaves room for maneuver, which is different from the United States' threat to impose a 100 percent tariff on Chinese EVs. This also shows that different countries and industries in Europe have differences regarding Chinese EVs. Germany, for example, strongly opposes taxing Chinese EVs, because German automobiles, including electric vehicles, are produced in large quantities in China. So the taxation would harm itself," Wang said in an interview with China Central Television (CCTV).

Wang suggested that Chinese EV companies could also engage in more cooperation with Europe in terms of manufacturing localization and technology sharing, to help the EU return to the right track of fair market competition.

"Of course, China is against trade protectionism, and we must be prepared to take countermeasures against such measures by the EU when necessary, to remind Europe to return to the track of fair competition and promote market openness," Wang said.

EU's EV tariff approach leaves room for remediation: scholar

EU's EV tariff approach leaves room for remediation: scholar

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China, Vanuatu enjoy long, close relationship

2024-07-14 11:02 Last Updated At:11:37

China and the Pacific islands nation of Vanuatu have been enjoying a long-term and close ties since the two countries established diplomatic ties in 1982.

Vanuatu gained independence in 1980 after being under the joint sovereignty of France and Britain. Two years later, Vanuatu and China established formal diplomatic relations. The Chinese embassy was built just a few years after that.

Today, China is Vanuatu's second largest trading partner, accounting for about a quarter of the country's imports.

Earlier this month, China donated a new multi-million-dollar presidential palace in a handover ceremony. It's the latest in a series of Chinese aid projects that includes the National Convention Center, and government offices.

"Vanuatu's relationship with China is very important. It's one of our main important relationships we have. Traditionally, we've had very strong relations with Australia. Australia has been our, and I think it still is our main source of development assistance and trade. But more and more China has been coming into that space. China has become much more important as we see the rise of China," said Ralph Regenvanu, Minister of Climate Change of Vanuatu.

Vanuatu is blessed with a diverse terrain and beautiful scenery.

Vanuatu's capital of Port Vila, home to around 50,000 people, is the country's biggest city. While small in size, it is usually bustling with people, thanks in part to the role tourism plays in this country.

The Republic of Vanuatu sits in the Pacific, about 1,700 kilometers northeast of Australia.

It's a Y-shaped archipelago, consisting of more than 80 islands formed from volcanoes. In fact, there are several active volcanoes, as well as underwater volcanoes in the country. Volcanic activity is described as an ever-present danger. The most recent one took place last year.

The country's geography and location in the Pacific makes it more prone to natural disasters than almost any other places on the planet. That includes the ever present danger of cyclones. Last year, Vanuatu was hit by back-to-back cyclones in just 48 hours, impacting most of the country's more than 300,000 people.

About 80 percent of the population depends entirely on subsistence farming as it is an agriculture-based economy.

People grow and sell tropical fruits and vegetables as their main source of income. Some of the main crops include kava, coconut and coffee.

Like many Pacific islands nations, the beautiful country is being greatly impacted by climate change which includes rising sea-level, coastal erosion and damage from more frequent and more intense severe weather events.

China, Vanuatu enjoy long, close relationship

China, Vanuatu enjoy long, close relationship

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