Brussels aims to remove Chinese energy giants from the EU market
- The probe is just the latest move by Brussels targeting the country over green tech subsidies suspected of undermining fair competition.
Vestager did not name the Chinese companies that will be investigated by the European Union's executive during a lecture delivered on Tuesday at the Institute for Advanced Study in Princeton, New Jersey, in the United States.An investigation carried out under the Foreign Subsidies Regulation which was introduced on 12 July 2023, allows Brussels to probe companies bidding in public tenders in the bloc larger than €250 million.
The investigation and steps that may follow, are likely to affect the French energy companies in their choice of material. "While deliberately ignoring the significant subsidies granted by certain countries to their emerging green industries, the European side has imposed obstacles and market barriers against Chinese enterprises operating in the green sector," according to the CCCEU.
"China is highly concerned about the discriminatory measures taken by the European side against Chinese enterprises and even industries," she added, "protectionism does not solve one’s own problems."Earlier FSR investigations targeted Chinese subsidies for solar panels, electric cars and trains.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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