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Europe

China claims EU subsidy investigation will hinder cooperation between China and Europe

thedailyposting.comBy thedailyposting.comApril 10, 2024No Comments

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BEIJING (Reuters) – China firmly opposes a subsidy investigation launched by the European Union (EU) as it impedes mutually beneficial cooperation between China and Europe, a Commerce Ministry official said.

The official, who declined to be named in a statement issued by the ministry on Thursday, said all investigations launched by the European Union so far have targeted Chinese new energy companies, including I think this will seriously damage trust. Investment and trade cooperation in the EU.

The statement said the remarks were made by the Director-General of the Chinese Ministry of Commerce’s Trade Remedies Department during a meeting in Brussels with the European Commission’s Director-General for Trade and Defense, Martin Lucas.

In the latest move involving China, the European Union announced it would investigate subsidies received by Chinese suppliers of wind turbines for its country.

This is the fourth investigation the European Union has launched against a Chinese company using foreign subsidies law in the past two months, a Chinese commercial official said.

The official also said that during the investigation, the EU had “deliberately distorted the definition of subsidies, procedural standards were not open and transparent, and protections that undermined the level playing field in the name of fair competition.” It is an act of principle.”

EU competition chief Margrethe Vestager said on Tuesday that the European Commission was investigating the conditions for wind farm development in Spain, Greece, France, Romania and Bulgaria, with particular focus on these countries. He did not go into details about the reason.

(Reporting by Bernard Orr; Editing by Kim Coghill and Christopher Cushing)

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