Current location:World Watch news portal > entertainment
EU's probe into Chinese wind turbines suggests trade protectionism, economic coercion: CCCEU
World Watch news portal2024-04-30 03:24:20【entertainment】6People have gathered around
IntroductionThe China Chamber of Commerce to the EU (CCCEU) on Tuesday expressed profound dissatisfaction with t
The China Chamber of Commerce to the EU (CCCEU) on Tuesday expressed profound dissatisfaction with the European Union's subsidy investigation into Chinese wind turbine suppliers. The chamber reiterated that the EU's latest intervention "forges an act of economic coercion".
The probe was announced by the European Commission (EC) on Wednesday, alleging that Chinese suppliers gained an "unfair advantage" in the European market from government subsidies. It is the fourth investigation case under the EU's Foreign Subsidies Regulation (FSR) targeting Chinese companies in less than two months.
The chamber accused the EU of using FSR as a new tool of economic coercion against Chinese enterprises, urging the European side to establish a fair, impartial, and non-discriminatory business environment for Chinese businesses.
Moreover, the European probes targeting China's green renewable energy sectors "results in significantly unfair market competition" for Chinese companies, sending a negative signal that clearly suggests discrimination and protectionism, the chamber noted.
The latest investigation covers conditions for the development of wind farms in Spain, Greece, France, Romania, and Bulgaria, according to Margrethe Vestager, the EU's anti-trust commissioner during a speech delivered at Princeton University in the US, without naming the Chinese companies, according to Reuters.
As the green transition enters a pivotal stage, the Chinese chamber urged the European side to reassess its approach, recommit to dialogue and cooperation, and endeavor to establish a fair, impartial, and non-discriminatory business environment towards Chinese firms.
The EU has promulgated a number of new rules since the end of last year over what it called to shield European firms from cheap renewable energy products, particularly made by Chinese firms, casting a cloud over the economic cooperation between the two giant economies, observers noted.
The EU side's continuous deployment of the FSR against Chinese enterprises shows the bloc's trade protectionism and lack of transparency, the chamber said.
On March 26, Chinese company CRRC, the world's biggest producer of rolling stock, withdrew from a public train tender in Bulgaria worth 610 million euros ($661 million) after the EU launched a probe under FSR, according to media reports.
As another example of the bloc's rising protectionism, the EC mandated its customs register Chinese-imported electric cars for nine months, starting March 7, as an implementation of its anti-subsidy investigation into the imports of battery electric vehicles (EVs) from China.
Earlier, China's Ministry of Commerce slammed the EU probe, urging the EU side to strictly abide by WTO rules, and prudently use restrictive trade tools in order to jointly "safeguard the overall situation of China-EU economic and trade cooperation."
Address of this article:http://britishindianoceanterritory.lexingtonfairness.org/content-50e999876.html
Very good!(78414)
Related articles
- Trial starts in conspiracy
- King Charles drives Queen Camilla to Crathie Kirk near Balmoral amid cancer treatment
- Forest appears to question integrity of match official after 2
- Queen Mary of Denmark shares sweet portrait of daughter Princess Isabella
- China ready to strengthen high
- Caroline Flack's best
- King Charles drives Queen Camilla to Crathie Kirk near Balmoral amid cancer treatment
- Race car in Sri Lanka veers off track killing 7 people and injuring 20, officials say
- Exodus at GB News continues: Pip Tomson becomes third star to quit in just three months
- Kim Kardashian to produce new Netflix series Calabasas alongside Emma Roberts and I. Marlene King
Popular articles
Recommended
Chinese military ready to boost ties with Indonesian counterpart: defense spokesperson
MP Mark Menzies, who allegedly misused campaign funds, won't seek reelection
Taylor Swift's new single Fortnight breaks record for Spotify's most streamed song in a single day
Owen Miller's two
English Premier League takes another step toward introducing a spending cap
Bremen ends Stuttgart's 11
Satellite image analysis: Iranian attack damaged Israeli air base
United escapes with shootout win after blowing three
Links
- Real Betis and Sevilla draw 1
- Estrada, Yastrzemski hit back
- A Florida sheriff says 10 people were wounded by gunfire after a fight broke out at a party venue
- Prince Harry and Meghan to visit Nigeria in May for Invictus Games talks
- Kimbrel blows second straight save as Athletics win rubber game 7
- Prince Harry and Meghan to visit Nigeria in May for Invictus Games talks
- Nichushkin records 1st career hat trick, Avalanche beat Jets 5
- Kimbrel blows second straight save as Athletics win rubber game 7
- Katie Price 'tries to fool fans with pre
- Texans WR Tank Dell shot in Florida, sustains minor wound, team says