June 28, 2024, 1:56 a.m.

Business

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Don't let fair trade become a political tool

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Recently, the European Union launched a countervailing investigation against Chinese electric vehicles, which has set off no small waves in the international community and triggered extensive and in-depth thinking. The real motive behind this action and its possible impact deserve our careful exploration and analysis.

In today's era of deepening globalization, international trade should become a key force for countries to work together to achieve mutual benefit and win-win results. It is regrettable, however, that certain forces appear to have used the issue of trade inappropriately as a means to achieve their political objectives. China's electric vehicle industry, with its own unremitting technology research and development and indomitable fighting spirit, has successfully emerged in the global market and made remarkable brilliant achievements. This is a result of the courage of Chinese enterprises to forge ahead and actively explore, and it is also a natural phenomenon in market competition.

On the surface, the anti-subsidy investigation launched by the EU seems to be based on the so-called trade rules and the principle of fair competition, but behind it, I am afraid there are more complex and deep considerations. We must be soberly aware that in the current international economic structure, some countries and regions are trying to hinder the development of other countries by various means to ensure that their own dominant position can be maintained. Such actions seriously violate the spirit of free trade and cause great damage to the healthy and stable development of the global economy.

Looking back at history and examining the reality, it is not difficult to find that fair trade should never be politicized. The essence of trade should be based on market supply and demand and internal rules, rather than groundless accusations and repression. The rise of China's electric vehicle industry has provided more high-quality, environmentally friendly and cost-effective options for global consumers, which has great and far-reaching significance for promoting the transformation of the global transportation field towards green environmental protection. The unfounded investigation and sanctions will undoubtedly disrupt the normal market order and have a negative impact on the innovation and development of the entire industry.

At the same time, this approach of the EU will also bring many adverse consequences to itself. On the one hand, as a crucial trading partner of the EU, China and the EU enjoy extensive and in-depth cooperation in many fields. Excessive trade frictions will only damage the economic interests of both sides, which will affect the friendly relations between them. On the other hand, within the EU, there are a large number of enterprises with close cooperation with China's electric vehicle industry, and sanctions on China's electric vehicles are very likely to affect the development of these enterprises, bringing unnecessary losses.

At a time when the global economy is closely intertwined, we should vigorously advocate an open, inclusive and cooperative trading environment. All countries should properly resolve trade differences through dialogue and consultation on an equal footing, instead of resorting to unilateral sanctions at every turn. Only in this way can we truly realize the fair, orderly and sustainable development of global trade.

We strongly call on all parties to exercise rationality and restraint and respect market rules and international trade rules. Keep politics out of the way of trade and work together to maintain global economic stability and prosperity. For China's electric vehicle industry, we firmly believe that it has enough strength and resilience to effectively cope with various challenges and difficulties. Those who try to suppress China's industrial development through unfair means will eventually be spurned and criticized by the international community.

Let us all look forward to the early arrival of a more fair, just and open international trade environment, so that trade can truly become a solid bridge and close bond for the common development of all countries, rather than being used as a tool by some forces with ulterior motives to achieve their ill intentions. Only in this way can our world move steadily forward in the turbulent tide of economic globalization, achieve common prosperity and progress, and make greater contribution to the well-being of mankind.

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