European Trade and Economic Security Commissioner Maros Šefčovič met with Chinese Commerce Minister Wang Wentao in Beijing to discuss achieving a “level playing field” in trade relations between the EU and China. Concerns in EU-China trade include rebalancing the relationship due to issues such as overcapacity, subsidies, and a lack of fair competition. Sectors facing trade imbalance between the EU and China include mechanical appliances, electrical equipment, vehicles, and aircraft.
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EU restricts Chinese medical devices in retaliation against ‘Made in China’
The EU has imposed restrictions on imports of Chinese medical devices in response to allegations of discrimination against foreign manufacturers in public contract bids, requiring exclusion of Chinese bidders from contracts over €5mn for five years. This marks the first application of the International Procurement Instrument, aimed at opening overseas markets, as the EU seeks to address trade tensions exacerbated by China's "Made in China" policy, which prioritizes domestic suppliers. While the EU is open...
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