More price commitment deals expected between EU, Chinese companies

China

More price commitment deals expected between EU, Chinese companies

2026-02-12 17:50 Last Updated At：22:07

More Chinese companies are expected to reach price commitment deals with the European Union (EU), China's Ministry of Commerce said on Thursday.

Ministry spokesman He Yadong made the remarks at a press conference regarding the European Commission's approval of a tariff exemption for a Chinese-made Volkswagen SUV, which will now be imported under a minimum price and quota model.

Previously, China and the EU, after multiple rounds of consultations, achieved a "soft landing" in the electric vehicle case within the framework of World Trade Organization rules, He said, adding that the outcome has been widely welcomed by the international community and industries on both sides.

Under the consensus reached through consultations, China and the EU support Chinese electric vehicle companies in making effective use of price commitments. To that end, the European side has issued a guidance document formulated during the bilateral talks and pledged to carry out assessments in a non-discriminatory, objective and fair manner, he said.

"Chinese and European automotive industries are deeply integrated and mutually beneficial. We hope that the European side would earnestly implement the important consensus reached at the China-EU leaders' meeting and the outcomes of the case consultations. We also expect more Chinese companies could reach price commitment deals with the EU side. China is ready to maintain dialogue and communication with the EU side to foster an open and stable market environment for the growth of the automotive industries in both China and the EU," he said.

China to make fair ruling on Canadian canola seeds: commerce ministry

China will make an objective and impartial final ruling over an anti-dumping probe in canola seed imports from Canada, the Ministry of Commerce said at a regular press briefing on Thursday.

The investigation, launched on Sept 9, 2024, has been extended to March 9, 2026 due to the complexity of the case, according to He Yadong, spokesman for the Ministry.

"During Canadian Prime Minister Mark Carney's visit to China this January, both sides reached specific arrangements for properly resolving economic and trade issues in areas such as electric vehicles, steel and aluminum products, canola seeds, and agricultural and aquatic products. Canada will make positive adjustments to its unilateral measures targeting Chinese electric vehicles, steel and aluminum products. In response, China will adjust its anti-discrimination measures in accordance with relevant laws and regulations," He said.

"Given the complexity of the case, the anti-dumping investigation in Canadian canola imports has been extended to March 9, 2026. The Ministry of Commerce will issue an arbitration notice prior to this date. Within the framework of relevant regulations, the Ministry of Commerce will fully consider Canada's reasonable claims and make an objective and fair final ruling based on facts and evidence," he said.