16 January 2019

Sino-EU trade friction likely to grow, paper says

China and the European Union may face a fresh round of trade friction amid Brussels’ plan for harsher defenses against Chinese imports, China Daily reported Friday. EU trade chief Karel de Gucht is seeking stronger barriers to fight unfair trade practices going back to China’s transformation into a powerful exporter, the report said. However, some in Europe said the rules are too soft and the European Parliament pressed Gucht to build stronger defenses against cheap Chinese imports. EU lawmakers want to make it easier for small companies to take on countries that flout world trade rules by exporting goods at below the cost of production. Legislators also want to do away with a European rule that limits punitive sanctions to only what is absolutely necessary to correct any injury caused by illegally subsidized imports, the report said.

– Contact HKEJ at [email protected]


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