Refine WTO subsidy rules on green items
Concerns raised over results of EC's probe against Chinese EV makers
Further efforts are needed to improve the WTO rules on subsidies for green products in order to prevent some economies from politically maneuvering global trade regulations under the guise of carbon reduction and thereby engaging in trade protectionism, experts said.
The experts also raised concerns over the results of the European Commission's anti-subsidy investigation against three Chinese electric vehicle manufacturers, citing numerous unreasonable findings.
The temporary duties on Chinese manufacturers include 17.4 percent on BYD, 19.9 percent on Geely and 37.6 percent on SAIC vehicles.