Commerce Ministry Spokesperson He Yongqian stated that both sides simultaneously announced favorable results on January 12 after several rounds of negotiations on the dispute.
The spokesperson noted that industrial sectors in China and the European Union welcomed the so-called “soft landing” of the case, considering that it will boost market confidence and strengthen bilateral cooperation in automotive trade and investment.
The official pointed out that European politicians assessed the progress as a positive step toward a sustainable trade relationship and a demonstration that differences can be resolved through partnerships.
He Yongqian underscored that the solution of the case, based on mutual respect and the rules of the World Trade Organization, fosters the healthy development of bilateral economic ties.
The spokesperson noted that the agreement contributes to preserving the stability of global automotive production and supply chains.
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