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

UK’s fossil fuel car ban delay to stall investment

Next Story

Germany sees uptick in far-right extremism

Latest from -Top News

‘Kill and Dump’ Haunts Balochistan Again

The latest killings have reignited accusations of extrajudicial executions and the use of counterterrorism laws to cover up custodial deaths in Balochistan….reports Asian Lite News Concerns have deepened across Balochistan following the

‘ASEAN Expands, But Keeps Its Soul’

Malaysian Foreign Minister Mohamad Hasan urged ASEAN to uphold its unity and strategic resolve amid intensifying geopolitical tensions and mounting external pressures…reports Asian Lite News Consensus and inclusivity will remain the cornerstones

Bangladesh bends to beat Trump’s blow

Dhaka seeks compromise as Trump’s 35% tariff looms large over key exports; Washington urges worker protections, factory relocation to US…reports Asian Lite News Bangladesh has opened the second round of critical trade

China seethes as US lands F-35s in PH

As US F-35 jets land in the Philippines for the first time, Manila cements its frontline role in Washington’s power play against rising China….reports Asian Lite News The Philippines is rapidly cementing
Go toTop

Don't Miss

Biden disappointed Over Xi Jinping’s ‘Unexpected’ G20 No-Show

The last time the two Presidents met was at the

Party Expels Former Chinese Legislator Over Discipline Violation

An investigation of Yin’s case found that he had lost