EU Trade Commissioner Promises Assertive Approach to China
EU Trade Commissioner Valdis Dombrovskis has pledged to be assertive in his appeals to Beijing to ensure European businesses have a fair chance to operate in China and to eliminate the bilateral trade deficit.
During his visit to China, Dombrovskis met with Vice Premier He Lifeng, who expressed strong concern and dissatisfaction regarding the recent EU investigation into Chinese subsidies for electric vehicles. He also voiced disapproval of the measures being considered by Brussels to strengthen Europe’s trade defense.
The EU’s investigation into Chinese subsidies for electric vehicles is part of its efforts to address concerns about unfair competition and market distortions. By examining these subsidies, the EU aims to ensure a level playing field for European businesses in China’s market.
In response to China’s criticism, Dombrovskis reaffirmed the EU’s commitment to ensuring fair trade practices and highlighted the need for both sides to engage in constructive dialogue to resolve trade issues. He emphasized the importance of reciprocity and urged China to address the concerns raised by the EU regarding market access, intellectual property protection, and subsidies.
The EU has been pursuing a more assertive trade policy in recent years, in line with its aim to safeguard its strategic interests and ensure a level playing field for its businesses. Through measures such as stronger trade defense instruments and increased scrutiny of foreign subsidies, the EU is working to protect its industries and promote fair competition.
In conclusion, Dombrovskis’ visit to China highlights the EU’s determination to address trade imbalances and ensure fair conditions for European businesses. The dialogue between the EU and China will continue, with both sides working towards a mutually beneficial and balanced trade relationship.
Source: The article was based on information from an undisclosed source.