EU Hails Breakthrough with China on Industry Subsidies

By Reuters|11 April 2019

Chinese Premier Li Keqiang promised the European Union on Tuesday that Beijing would no longer force foreign companies to share sensitive know-how when operating in China and was ready to discuss new global trading rules on industrial subsidies, report Philip Blenkinsop and Robin Emmott on Reuters.com.

Marking a significant shift, Li’s pledge at the annual EU-China leaders’ meeting follows similar offers to the United States and potentially signals an opening for which European companies have long lobbied.

Advertisement

“European companies will enjoy equal treatment,” Li told a news conference following the three-hour summit in Brussels, offering to set up a disputes mechanism to handle complaints.

Continue reading at Reuters.com.

Top Articles
Industry Insights: Terra Verra’s Darrin Potter on Harnessing Biomimicry Technology in Sustainable Agriculture

Reuters brings you the latest news from around the world, covering breaking news in markets, business, politics, technology, and more. See all author stories here.

Hide picture