China, EU reach 'understanding' on hybrid car trade
Top Chinese and EU commerce officials reached an "understanding" on the trade of hybrid vehicles following closely watched talks on Friday, Beijing's commerce ministry said, citing a joint statement.
"After intensive consultations, the two sides reached an understanding on trade in hybrid vehicles in a manner consistent with World Trade Organization rules," the statement said, noting both parties would "continue with the relevant procedures concerning company price undertakings".
Source: Agence France Presse
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