RUSSO DAILY
NEWS FROM THE RUSSO-SPHERE
← TRADE WARS  |  Home TRADE WARS

Berlin urges rapid solution to EU-China trade tension

by Staff Writers Berlin (AFP) June 10, 2013 AFP

Germany called on Monday for a swift solution in tit-for-tat trade tensions between the European Union and China which, according to an unconfirmed press report, could lead to a Chinese tariff on some European car imports.

Berlin has always "emphatically" called on the EU Commission and China to seek an "amicable" solution through negotiation in the trade dispute and hopes that will be achieved "quickly", an economy ministry spokesman said.

Speaking at a regular government news briefing, he called the fact that the EU Commission and Beijing had opened talks a "first success".

Brussels imposed an 11.8-percent tariff on Chinese solar panels despite German-led opposition. The tax will rise to 47.6 percent in two months' time if there is no resolution of the dispute.

In response to the EU measures, Beijing announced on Wednesday that it had opened an anti-dumping probe into European wine.

French business daily Les Echos reported Friday that China was considering also imposing import tariffs on European luxury cars which would particularly hit Germany.

"To our knowledge there is no official confirmation by the Chinese side concerning luxury cars," the German economy ministry spokesman told reporters.

According to figures by the VDA German automobile federation, German carmakers dominate China's high-end car market, with an 80-percent share.

Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.