Breaking news

China Takes Legal Action Against EU Over Electric Vehicle Tariff Hike

China has launched a legal dispute against the European Union (EU) at the World Trade Organization (WTO) in response to the EU’s decision to raise import tariffs on Chinese electric vehicles (EVs). The case comes on the heels of an EU investigation that concluded Chinese carmakers benefit from state subsidies, giving them an unfair edge in the European market.

Key Details:

  1. WTO Complaint: China’s filing marks its second WTO challenge over higher tariffs, with the complaint aiming to address the EU’s determination that Chinese EV manufacturers benefit from unfair government support.
  2. Impact on Chinese Car Makers: The new EU tariffs range from 17% for BYD, 18.8% for Geely (Volvo’s parent company), to a significant 35.3% for SAIC Motor Corp, making it one of the most heavily affected companies.
  3. WTO Dispute Timeline: Under WTO dispute settlement rules, China and the EU have 60 days to negotiate a resolution. If unresolved, the case may proceed to a WTO panel ruling. However, the WTO’s highest appellate body remains inactive due to a shortage of judges, potentially complicating the resolution process.

The heightened tariffs, which took effect on November 1, reflect growing trade friction between Brussels and Beijing. EU officials argue that China’s subsidies and access to inexpensive raw materials have granted Chinese EV companies excessive leverage over European competitors. In response, Brussels is exploring solutions, such as adjusting price commitments, to address these market imbalances while upholding WTO principles.

Negotiations between the EU and Chinese officials are expected to intensify in the coming weeks, with an EU delegation likely to travel to China to pursue a compromise. Both sides aim to foster fair market conditions while respecting WTO guidelines.

University Of Cyprus Renews Scholarship Pact With Sievert Larsson Foundation To Support Students In Financial Need

The University of Cyprus and the Sievert Larsson Scholarship Foundation have renewed an agreement that will provide 20 scholarships, worth a combined €20,000, to students facing financial hardship.

A Targeted Support Scheme For High-Achieving Students

The scholarships will be administered through the University of Cyprus Student Welfare Association and awarded on the basis of both academic merit and socioeconomic need. The initiative is designed to support students who have demonstrated strong performance in their studies while also confronting financial pressures that could interrupt their education.

Agreement Signed By University And Foundation Leaders

The renewal was signed on behalf of the University of Cyprus by Rector Professor Tasos Christofides and on behalf of the foundation by its founder, Sievert Larsson. Also present at the signing were the foundation’s general director, Christos Papoutsas, and Cleanthis Pissarides, head of the university’s Studies and Student Welfare Service and president of the University of Cyprus Student Welfare Association.

A Philanthropic Mission Focused On Opportunity

The Sievert Larsson Scholarship Foundation was established by philanthropist Sievert Larsson to provide financial support to promising students who need assistance to continue their studies. Its stated purpose is to help capable and high-achieving students remain in education without disruption while developing their academic and professional potential.

According to the University of Cyprus Student Welfare Association, the renewed donation reflects a long-standing and substantive partnership between the university and the foundation, as well as the foundation’s continued commitment to widening access to higher education.

Reducing Financial Pressure On Students

The scholarships are intended to ease the burden of living and education costs, allowing recipients to devote more attention to their coursework and personal development. For students whose economic circumstances might otherwise limit their participation in university life, the support can provide a measure of stability at a critical stage in their academic journey.

The association said the foundation’s sustained contribution has created valuable opportunities for dozens of students over the years and forms part of broader efforts to make the university open, inclusive and accessible to all.

The renewed agreement extends a scholarship model that combines academic achievement with financial need, directing assistance to students who have demonstrated both ability and the need for targeted support.

Aretilaw firm
Uol
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter