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Beijing, July 15 (Reporter Xie Xiyao) A spokesperson for the Ministry of Commerce said on the 15th that in order to safeguard the development rights and interests of China’s new energy vehicle industry, on March 26, China resorted to measures such as the U.S. Inflation Reduction Act on new energy vehicle subsidies. Respond to the WTO dispute settlement mechanism. As the United States failed to reach a solution through consultations with China, on July 15, China submitted a request to the WTO to establish an expert group.
The development of China’s new energy vehicle industry has made important contributions to global energy green transformation and climate change response. The spokesperson said that the U.S. Inflation Reduction Act takes the use of products from specific regions such as the United States as a prerequisite for subsidies, excludes products from WTO members such as China, artificially sets up trade barriers, and drives up the cost of green energy transformation. No matter how they are packaged and beautified, they cannot change the discriminatory, protectionist and violation of WTO rules of the subsidies involved. China resolutely promotes litigation procedures in order to safeguard the authority and effectiveness of the multilateral trading system with the WTO at its core and safeguard the joint international efforts to address climate change.
The spokesperson said that China agrees that WTO members implement industrial subsidies in a manner consistent with WTO rules, support green energy transformation, and promote economic and social development. China once again urges the United States to abide by WTO rules and stop abusing industrial policies to undermine international cooperation on climate change.