September 26, 2023
1 min read

‘China’s unfair trade practices have forced EU to become assertive’

“The EU welcomes competition… However, competition must be fair. And we will be more assertive in tackling unfairness…reports Asian Lite News

China’s unfair trade practices have forced the European Union (EU) to become more assertive in its dealings with the world’s second largest economy, the bloc’s Commissioner for Trade said Monday during a trip to Beijing, according to a media report.

But Europe has no intention of cutting relations with China or seeking self-sufficiency or import substitution, Valdis Dombrovskis said during a Monday keynote speech at Tsinghua University, CNN reported.

“We urge China to address the lack of reciprocity in our economic relationship,” Dombrovskis said, as per the report.

“The EU welcomes competition… However, competition must be fair. And we will be more assertive in tackling unfairness.”

The trade chief’s visit comes as tensions flare between the bloc and China over trade imbalances and geopolitical issues. Half of that deficit was in vehicles and machinery, according to statistics from the EU. The rest was in other manufactured goods, chemicals and energy.

Earlier this month, the European Union had launched an investigation into China’s state support for makers of electric vehicles (EV) as soaring imports of its cars stoke fears for the future of European auto manufacturers. China’s Commerce Ministry had called the investigation “blatantly protectionist” earlier this month.

Dombrovskis said the Chinese government had created a more “politicised” business environment by expanding its toolkit to protect national security interests, CNN reported.

“This has resulted in less transparency, unequal access to procurement, discriminatory standards and security requirements, and data localisation and transfer requirements,” he added.

Dombrovskis said China’s new foreign relations law and its newly broadened counter-espionage law, in particular, were of “great concern” to European business, CNN reported.

ALSO READ-Nepal, China Sign A Dozen Deals During Prachanda’s Beijing Trip

Previous Story

Hamdan Meets Astronaut AlNeyadi and ‘Zayed Ambition 2’ Team

Next Story

Two Bahrain Soldiers Killed in Houthi Attack

Latest from -Top News

Tehran Raps G7 For backing Israel

Baqaei claimed that Israel has launched an unprovoked war of aggression against Iran and attacked its nuclear sites in violation of Article 2(4) of the UN Charter…reports Asian Lite News Iranian Foreign

Crackdown in Balochistan Draws Global Outrage

Despite repeated denials from Islamabad, rights watchdogs and political activists say the pattern of abuses reflects a systemic campaign to silence the Baloch voice….reports Asian Lite News Human rights organisations have renewed

‘Killer’ Chants as Munir Visits US Event

Videos of the protest against Munir have surfaced on social media. Overseas Pakistanis staged a protest during the US visit of Pakistan’s Chief of Army Staff, Field Marshal Asim Munir, shouting slogans

Trump Slams Macron Over G7 Exit Claim

Trump clarified that his early departure from the summit had no connection with the ongoing Israel-Iran conflict….reports Asian Lite News US President Donald Trump on Tuesday lashed out at French President Emmanuel

G7 Sides with Israel in Escalating Conflict

The leaders said “Iran is the principal source of regional instability and terror.”…reports Asian Lite News Leaders of the G7 nations, meeting at a summit in Canada, issued a joint statement backing
Go toTop

Don't Miss

China’s Caribbean Reach Alarms Washington

10 nations of the region have participated in the “Belt

Despite Russia’s war, China still top threat, says Pentagon

New Pentagon defense strategy notes China as the only competitor