China said Thursday that an investigation had found the European Union imposed unfair 'trade and investment barriers' on Beijing, marking the latest salvo in long-running commercial tensions between the two economic powers.
China said Thursday that an investigation had found the European Union imposed unfair"trade and investment barriers" on Beijing, marking the latest salvo in long-running commercial tensions between the two economic powers.
The commerce ministry said Thursday that the implementation of the EU's Foreign Subsidies Regulation had discriminated against Chinese firms and"constitutes trade and investment barriers".The two are major trade partners but are locked in a wide-ranging standoff, notably over Beijing's support for its renewables and electric-vehicle sectors.
When announcing the probe the ministry said its national chamber of commerce for importing and exporting machinery and electronics had filed a complaint against the FSR measures.The 20-page document detailing the ministry's conclusions said their"selective enforcement" resulted in"Chinese products being treated more unfavourably during the process of export to the EU than products from third countries".
Companies deemed not to have complied with probes also faced"severe penalties", which placed"huge pressure" on Chinese firms, it said. The EU's first probe under the FSR in February targeted a subsidiary of Chinese rail giant CRRC, but closed after the company withdrew from a tender in Bulgaria to supply electric trains.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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