-+ 0.00%
-+ 0.00%
-+ 0.00%
On October 5, France and Germany submitted an informal paper to the European Commission requesting the EU to strengthen trade defense measures and add a number of new protectionist tools. Currently, the tools that the Chinese side can use include anti-discrimination investigations, industrial chain supply chain safety investigations, and surveys on the impact of foreign subsidies. Zhou Mi of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce told Lord Tan that these surveys can assess whether relevant overseas policies affect Chinese enterprises and whether they form unfair competition, thereby protecting the legitimate rights and interests of Chinese enterprises and reducing the impact of unfair policies and their spillover effects on the Chinese industry. According to relevant disclosures, European Commission Trade and Economic Security Commissioner Shevjovic will soon visit Beijing. Attempts to introduce new restrictions at this point first weaken the negotiation atmosphere between China and Europe. Furthermore, the new tool can reserve space for the European side to add restrictions at any time. If it continues to advance, it will not only further reduce the space for resolving issues through dialogue, but also damage the results of negotiations already achieved by the two sides.
Share
Listen to the news
On October 5, France and Germany submitted an informal paper to the European Commission requesting the EU to strengthen trade defense measures and add a number of new protectionist tools. Currently, the tools that the Chinese side can use include anti-discrimination investigations, industrial chain supply chain safety investigations, and surveys on the impact of foreign subsidies. Zhou Mi of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce told Lord Tan that these surveys can assess whether relevant overseas policies affect Chinese enterprises and whether they form unfair competition, thereby protecting the legitimate rights and interests of Chinese enterprises and reducing the impact of unfair policies and their spillover effects on the Chinese industry. According to relevant disclosures, European Commission Trade and Economic Security Commissioner Shevjovic will soon visit Beijing. Attempts to introduce new restrictions at this point first weaken the negotiation atmosphere between China and Europe. Furthermore, the new tool can reserve space for the European side to add restrictions at any time. If it continues to advance, it will not only further reduce the space for resolving issues through dialogue, but also damage the results of negotiations already achieved by the two sides.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending