From EUobserver · · 1m
EU Considers Import Curbs on Chinese Goods Post-Hybrid Car Deal
EU opens door to import restrictions on Chinese chemicals and machinery after hybrid car trade pact.
In brief
EU opens door to import restrictions on Chinese chemicals and machinery after hybrid car trade pact. EU plans to limit Chinese chemical and machinery imports following a deal that capped hybrid car exports at 350,000 units next year. Originally reported by EUobserver.
EU Prepares Import Curbs
The EU is preparing to curb Chinese imports of chemicals and industrial machinery after a successful hybrid car trade deal with Beijing.
Hybrid Car Export Cap
Trade commissioner maroš šefčovič agreed with beijing to cap chinese hybrid car imports at 350,000 units next year, less than half the expected amount this year.
Safeguards Mechanism
The eu commission showed openness to proposing trade safeguards that can cover entire sectors without needing evidence of unfair pricing.
Temporary Solution
The eu aims to present diversification tools to reduce reliance on chinese goods by year-end, including a mechanism to shut chinese companies out of the eu market.
The short version
EU plans to limit Chinese chemical and machinery imports following a deal that capped hybrid car exports at 350,000 units next year.
