Recently, China filed a lawsuit at the World Trade Organization (WTO) regarding new energy vehicle subsidies and other measures in the U.S. “Inflation Reduction Act” and its implementation rules. The spokesperson of the Ministry of Commerce answered questions.
The Ministry of Commerce stated that in order to safeguard the interests of Chinese new energy vehicle companies and a fair competitive environment for the global new energy vehicle industry, on March 26, China resorted to the World Trade Organization dispute settlement mechanism regarding new energy vehicle subsidies and other measures under the U.S. Inflation Reduction Act. .
In the name of “coping with climate change” and “low-carbon environmental protection,” the United States introduced the “Inflation Reduction Act” and its implementation details, using products from specific regions such as the United States as a prerequisite for subsidies, and formulated discriminatory subsidy policies for new energy vehicles, etc., including China. The exclusion of products from other WTO members has distorted fair competition, seriously disrupted the global new energy vehicle industry chain and supply chain, and violated WTO rules such as national treatment and most-favored-nation treatment. China is firmly opposed to it.
China firmly defends the rules-based multilateral trading system and respects the legitimate rights of WTO members to implement industrial subsidies within the framework of rules and promote their own economic and social development. We urge the United States to abide by WTO rules, respect the development trend of the global new energy vehicle industry, promptly correct discriminatory industrial policies, and maintain the stability of the global new energy vehicle industry chain and supply chain.
