EU opens probe into China's medical device market

  • 📰 brieflyza
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The European Union has launched an investigation into Chinese public procurement of medical devices, the EU's official journal said Wednesday, in a move that risks raising further tensions with Beijing.

The European Union has launched an investigation into Chinese public procurement of medical devices, the EU's official journal said Wednesday, in a move that risks raising further tensions with Beijing.

The EU also has concerns that China may have restrictions on imports as well as imposing conditions"leading to abnormally low bids that cannot be sustained by profit-oriented companies", the notice said. It is the first probe under the EU's International Procurement Instrument which seeks to promote reciprocity in access to international public procurement markets.If the investigation finds that there is unfair behaviour, the EU can limit Chinese companies' access to the public procurement market in the 27-country bloc.The journal said the investigation would be concluded within nine months of its start, although the European Commission can extend this for an extra five months.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines