Europe to Drop Anti-Dumping Investigation Against Chinese Telecoms Vendors
Published on: 27th Mar 2014
Note -- this news article is more than a year old.
The European Union is not going ahead with an anti dumping investigation into Chinese telecoms vendors, the EU's Trade Commissioner Karel De Gucht has announced.
He made the statement at a press conference saying that the anti-dumping investigation is being dropped, but that the EU will continue its investigation into allegations of state subsidies being offered to Huawei and ZTE.
However, any such investigation will be slow and unlikely to be activated for a long time. The implication being that the EU is holding that as a threat against the Chinese firms if they do anything likely to alarm European regulators.
The decision was based on talks that also saw settlements in defense and wine trades.
"Today's decision not to pursue the anti-dumping part of this possible trade defence action is a significant step towards addressing the mobile telecommunications case in its entirety. I am pleased that EU and China have recently been able to resolve a number of trade frictions, not least the polysilicon case and the wine case where China terminated their investigation without imposition of any duty," the EU's Trade Commissioner, Karel De Gucht, said in a statement.
China exports telecommunication network equipment to the EU market with a value of approximately just around USD1.4 billion per year.
Tags: european union