| inbluevt | Date: Monday, 2013/05/20, 7:20 PM | Message # 1 | DMCA |
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Karel De Gucht said that China had to take responsibility for the global trading system, just as the EU did. Mr De Gucht's comments come just days after the EU said it may investigate claims that Chinese telecom firms have been paid subsidies, allowing them to flood markets with cheap equipment.
The EU fears illegal payments may give Chinese firms an unfair advantage. China is the EU's second biggest trading partner, after the US. Probes "China has become a very big economy and they have to take responsibility, just as we do, for the global trading system," Mr De Gucht told the BBC.
"Very important in taking responsibility for a global trading system is [to]follow a number of disciplines with respect to export credits, with respect to dumping, subsidies, cheap capital and so on and
so on.
"You cannot be one of the biggest economies in the world and a free rider at the same time."
The EU is holding 18 trade investigations into China.
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Message edited by inbluevt - Monday, 2013/05/20, 7:22 PM |
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