The EU'S Draft Trade Strategy &Nbsp May Bring Tension Between The EU And China.

2010/10/27 11:37:00 38

European Union

The draft of the ten year trade strategy pointed out that if any country obstructed its acquisition

Develop the economy

Punitive measures will be applied to the scarce raw materials or energy needed.

This may lead to tension between the EU and China and Russia.

Based on the EU's 2020 trade strategy, the EU is determined to make use of legal and political weapons to ensure its success.

Raw material supply

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The EU will focus on policies to restrict raw material exports and government subsidies.

The draft pointed out that "sustainable and smooth supply of raw materials and energy is of strategic importance to the EU's economic competitiveness.

The industrial policy of many countries outside the European Union is manufacturing supply bottlenecks and other obstacles.

China denies that it plans to cut export quotas for rare earths, but the reduction in the supply of rare earths has indeed aroused national vigilance.

The EU draft pointed out that the EU has encountered many obstacles to enter the Chinese market, including inadequate protection of intellectual property rights, lack of pparency in the standardization system, complicated procedures for certification, and priority for local manufacturers to obtain raw materials.

The European Union warned that it would appeal to WTO to eliminate these obstacles.

In addition, the European Union will take punitive measures, such as protective tariffs, to subsidize strategic industries.