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China is concerned about possible discrimination in EU proposal

china-is-concerned-about-possible-discrimination-in-eu-proposal
Beijing, Apr 27 (Prensa Latina) China's Commerce Ministry underscored its concerns over possible discriminatory practices in the European Union (EU)'s Industrial Accelerator Act (IAA) proposal.

The Ministry informed that it officially submitted its position on the legislative proposal on April 24.

China stated that the legislation imposes restrictions on foreign investment in strategic sectors such as batteries, electric vehicles, photovoltaic energy, and key raw materials.

The Ministry noted that the proposal includes exclusive “EU origin” clauses in public procurement and support policies.

The institution affirmed that such provisions are investment barriers and institutional discrimination.

The document stated that the proposal could violate principles such as most-favored-nation treatment and national treatment.

It also pointed out potential violations of World Trade Organization (WTO) Agreements, such as the 1994 GATT (General Agreement on Tariffs and Trade) and others related to investment, intellectual property, and subsidies.

The Ministry underscored that Chinese investors would face discriminatory treatment contrary to the principles of fair competition and commercial voluntariness.

It added that the measure could negatively affect the investment prospects of Chinese companies in Europe.

jdt/iff/ro/idm

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