In a bold move, the China Chamber of Commerce to the EU (CCCEU) has decried a decision by several EU member states to block Chinese companies from bidding on public procurement tenders for major medical device contracts worth over 5 million euros (about $5.72M) for five years. 😮
The chamber argued that these measures add unnecessary complexity to China-EU trade relations while clashing with the bloc's principles of openness, fairness, and non-discrimination. They highlighted that European medical device firms have long enjoyed significant market access in China, urging policymakers to ground any reciprocity in real-world trade practices. ⚖️
Amid rising protectionism, the CCCEU warned that using policy tools as de facto trade barriers could hurt bilateral interests and weaken global economic recovery efforts. Chinese enterprises have consistently operated in compliance and contributed to technological progress, investment, and job creation. 🚀
As the debate unfolds, young professionals and tech enthusiasts are keeping a close eye on how free trade and fair competition shape our global market. Stay tuned for more updates and join the conversation on how balanced trade can drive future innovation! ✨
Reference(s):
China chamber decries EU discriminatory curbs on medical device firms
cgtn.com
