China and the European Union have agreed instead of imposing duties such as last year to consider setting a few prices for Chinese construction vehicles according to a European Commission spokesman. The German newspaper Handelsblatt said the negotiations had begun. EU Commissioner Maros Sefkovic has spoken with Chinese Commerce Minister Wang Wentao in recent days and both sides have agreed to consider setting a few prices, the EU spokesman said. The Chinese Commerce Ministry said in a statement. Maros Sefkovic has previously stated that any minimum prices should be equally effective and applicable to EU duties. The previous agreements of the minimum price agreed by the EU concerned homogeneous goods rather than complex products such as cars. The committee said he believes that a single minimum price would not be sufficient to deal with the damage caused by the subsidies, the […]
Source: News Beast
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