Beijing complains that the EU’s investigation of its products violates the principles of free trade.
China is investigating whether EU tariffs against Beijing pose a barrier to free trade. Bloomberg reported this.
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The Ministry of Commerce of the People’s Republic of China began the investigation after a request from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products. We are talking about trains, photovoltaic products, wind energy and safety equipment.
The process must be completed by January 10, with a possible extension to mid-April.
Trade tensions between the EU and China are rising over claims that the EU believes Beijing is using unfair trade practices to gain advantages for its companies.
China has complained that the EU’s investigation into its products violates free trade principles.
The EU says its tariffs on electric cars are compensation for massive subsidies by the Beijing government that have given Chinese companies an unfair head start.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.