It stated that the European Union’s measures to shield its companies from foreign subsidies were an obstacle to trade and investment, marking the last conflict in the ongoing trade dispute between the two sides. According to Bloomberg, the Ministry of Commerce of China published the findings of its investigation into the EU Foreign Subsidies Regulation on Thursday, pointing to “chosen implementation” as a major concern. The investigation began in July last year, after the EU began examining Chinese subsidies for electric vehicles. CORVERSE Beijing did not clarify the actions it intends to take after the results of the investigation. He had previously stated that if foreign policies were found to be barriers to trade, the ministry could hold bilateral talks, initiate a multilateral dispute resolution process and take “other appropriate measures”. The ministry also said that these measures could include the establishment of “respondences”. China’s investigation comes amid a wider trade dispute with Brussels, where the EU has imposed customs duties of up to 45% on electric vehicles of Chinese construction, after finding that state subsidies gave unfair advantage to China’s electric vehicle industry. China said Thursday that the EU has launched only in-depth investigations into Chinese companies participating in public procurement, along with surprise inspections and other strict enforcement measures against Chinese companies. This meant that “Chinese products are treated more unfavorably during the EU export process than products from third countries,” said the Trade Ministry. The EU Regulation aims to address the effects of foreign subsidies in order to ensure a level playing field for enterprises within the 27 Member States. It gives Brussels the power to control the subsidies they consider to be capable of distorting European markets. Regulatory authorities may impose fines, suspend competitions or block state acquisitions completely.
China: EU Customs Retribution Open · Global Voices
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