Chinese Commerce Minister Wang Wentao expressed concerns about the European Union's investigation into Chinese electric vehicle manufacturers during a meeting with Italian Economic Development Minister Adolfo Urso in Rome, Ukrinform writes.
Wang stated that the probe is negatively impacting Chinese companies' plans to invest in Italy. This was reported by China’s Ministry of Commerce, according to Ukrinform.
Wang emphasized China's willingness to promote mutual investments between Chinese and Italian automobile companies.
However, he noted that the EU investigation has shaken the confidence of Chinese automakers regarding their investments in Italy.
He called on the European Commission to address the concerns of all parties involved and resolve trade disputes through dialogue.
Urso's response
Urso, in response, highlighted China’s importance as a trade partner for Italy.
He stressed that Italy is keen on expanding economic relations with China and supporting cooperation between small and medium-sized enterprises in both countries.
Urso also expressed Italy’s desire to avoid escalating trade tensions between Europe and China, as it could harm all parties involved.
Wang is currently on a European tour, where he plans to discuss the EU’s anti-subsidy case against Chinese electric vehicles, ahead of a decision on potential tariffs.
He is scheduled to meet with European Commission Executive Vice President Valdis Dombrovskis.
Despite Italy’s earlier support for higher import duties on Chinese EVs, Urso expressed hope for a negotiated resolution to the trade dispute as Rome continues efforts to attract Chinese investment in Italy’s automotive industry.
