The European Union is set to launch a major trade case against China's biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said. The EU told member states it had been gathering evidence for an anti-dumping case against Huawei Technologies and ZTE, saying that they had obtained illegal government subsidies and sold products in the EU below cost, the newspaper said, quoting unidentified EU officials and executives. Once the EU determined that China was acting illegally, Huawei and ZTE, the world's No.2 and No.5 telecom equipment makers, could be subject to punitive EU tariffs, the FT said. ZTE declined comment, while Huawei had no immediate comment. Huawei and ZTE compete globally in the telecom equipment business with European vendors such as Ericsson, Alcatel-Lucent and Siemens-Nokia. Earlier in May, the EU's Trade Commissioner Karel De Gucht said the EU was planning new trade defences to counter subsidies and dumping by trading partners, such as China. China is the European Union's second biggest trading partner after the United States and the bloc is China's biggest trade partner, with trade between the two forecast to hit a record high of 500 billion euros ($397 billion) this year. But the relationship is tense. De Gucht has in the past complained that China subsidies "nearly everything", making it hard to compete.
GMT 14:31 2018 Friday ,19 January
Amazon narrows list of 'HQ2' candidates to 20GMT 13:18 2018 Thursday ,18 January
China to step up cryptocurrency crackdownGMT 12:30 2018 Sunday ,14 January
Japan's new crypto-currency crooners sing the bitcoin beatsGMT 13:49 2018 Friday ,12 January
Top European chefs take electric pulse fishing off the menuGMT 11:32 2018 Tuesday ,09 January
Apple urged to shield kids from iPhone addictionGMT 17:27 2017 Tuesday ,19 December
Scientists confirm 3.5 billion-yr-old fossil life in rockGMT 08:31 2017 Friday ,21 July
Samsung heiress ordered to pay $7.6 millionGMT 13:20 2017 Saturday ,29 April
SpaceX to launch classified US govt payload SundayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor