US EditionChina Warns EU Over 'Made in Europe' Industrial Rules
The bloc’s proposal would require EU-made parts and tech transfer in strategic sectors, drawing warnings from Beijing and Chinese businesses.
- On Monday, Beijing slammed an European Union plan known as the "Industrial Accelerator Act," which aims to bolster the bloc's industries against fierce competition from China.
- The proposal implicitly targets Chinese battery and electric vehicle makers, requiring foreign firms to partner with European firms and transfer technological know-how when establishing operations in the bloc.
- European businesses have long lamented facing unfair competition from heavily subsidized Chinese rivals. In March, the European Union unveiled "Made in Europe" rules obliging firms to meet minimum thresholds for EU-made parts.
- Beijing's commerce ministry submitted comments to the European Commission on Friday, expressing "serious concerns" regarding what it called "systemic discrimination." The ministry warned China would take countermeasures if the legislation harms its companies' interests.
- The Chinese Chamber of Commerce to the European Union stated this month the plan marks a shift toward protectionism, which could significantly affect trade cooperation between the European Union and China.
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China "will have no choice but to take countermeasures" in the event of the adoption by Brussels and Strasbourg of the Industrial Acceleration Law, aimed at favouring European preference mechanisms on strategic sectors such as energy and raw materials, said...
China threatened to take "countermeasures" against the European Union on Monday 27 April if Brussels adopted its "industrial acceleration" bill, deemed discriminatory and worrying by Beijing. The "Made in Europe" plan aggravates the interests of its companies, reports France Info. An ambition of European sovereigntyThe draft law, presented on 4 March by the European executive, aims at an ambitious objective: to reduce the share of industry to 20…
China today criticized European Union plans to protect key industries from Chinese competition, warning it would take countermeasures if the measures are adopted. Proposed EU "Made in Europe" rules would require companies seeking public funding in sectors including cars, green technologies and steel to meet local content thresholds.
The "industrial acceleration" bill presented by the European Commission on 4 March will have to be approved by the Member States and the European Parliament.
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