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China asks WTO to address US subsidies for electric vehicles
Monday, July 15, 2024 - 07:59
Reuters crédito foto autos eléctricos BYD

The IRA "excludes products from WTO members such as China, artificially sets up trade barriers and raises the costs of the green energy transition," the Chinese Ministry of Commerce said.

China has asked the World Trade Organization (WTO) to create an expert group to help it resolve a dispute over subsidies for electric vehicles under the US Inflation Reduction Act (IRA). in English), the country's Ministry of Commerce said this Monday.

The world's second largest economy opened litigation before the WTO at the end of March, after the Biden administration approved the IRA, a wide-ranging law that offers billions of dollars in tax credits to help consumers buy electric vehicles. and companies to produce renewable energy, at a time when the White House aims to decarbonize the US energy sector.

China has failed to reach a solution with the United States through consultations that safeguards the rights and interests of its electric vehicle industry, the ministry said in its statement, so it is advancing its case at the WTO.

The IRA "excludes products from WTO members such as China, artificially sets up trade barriers and raises the costs of the green energy transition," the Chinese Ministry of Commerce said.

"We urge the United States to respect WTO rules and stop abusing its industrial policies to undermine international cooperation on climate change," China said.

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