EU says it agrees with China to halve hybrid vehicle exports to EU

The European Union said it has agreed with China to halve hybrid vehicle exports to the EU. This was reported by Qazaqyia.kz citing Reuters.

According to Reuters, the EU confirmed it reached an agreement with China to cut hybrid vehicle exports to the European Union by half. The decision was made within the framework of trade relations between the two sides.

The agreement provides for reducing the volume of hybrid vehicle exports to the European Union by two times. The EU announced this step as a measure agreed with China.