The EU will probe whether China is unfairly denying companies access to its medical devices market

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 40 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

China News

The European Union,Medical Devices,European Commission

BRUSSELS (AP) — The European Union announced on Wednesday an investigation into whether China is using unfair methods to deprive companies in Europe of...

BRUSSELS — The European Union announced on Wednesday an investigation into whether China is using unfair methods to deprive companies in Europe of access to its market for medical devices ranging from hypodermic needles to high-tech scanners.

The commission said it has gathered evidence indicating that China’s market has gradually closed to European firms and products made in the EU. It asserts that measures introduced by China “unfairly differentiate” between local and foreign companies. It did not quantify the effects on European businesses.

The commission is hopeful that no action will be needed. It says the main aim is to win fair treatment for all sides. “Our expectation is that China’s market for public procurement will be as open to us as ours is to them. Simple. Nothing more, nothing less,” spokesman Olof Gill told reporters.“The EU has always touted itself as the most open market worldwide, but what we see now is that it is gradually moving towards protectionism,” ministry spokesman Wang Wenbin said.

 

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

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines