Bloc's ambassador to China says only small share of exports involved in anti-subsidy, anti-dumping cases
The European Union will not enter into a trade war with China, the EU ambassador to the country said on Wednesday.
Markus Ederer, EU ambassador to China, said the EU and China will start negotiating this year over an investment treaty focusing on market access, investment protection and ensuring the equal treatment of enterprises.
His statement came a day after the Ministry of Commerce contended that an anti-subsidy investigation the European Commission has conducted into Chinese organic coated steel is unreasonable and will damage the interests of Chinese exporters.
The China Iron & Steel Association said the European Commission recently alleged that makers of the steel have received "illegal" subsidies from the government. To protect EU enterprises, the commission is considering imposing anti-subsidy duties at a rate of up to around 50 percent on Chinese steel exporters, The Financial Times reported.
On Tuesday, Shen Danyang, spokesman for the Ministry of Commerce, called on the EU to rescind its conclusion and cancel its investigation.
"There is a lack of evidence showing Chinese enterprises are dumping (in the EU) or receiving subsidies," Shen said.
Ederer said the EU doesn't want to see the potential trade war that is brewing become a reality. He said the bloc's investigations of Chinese products are not directed against China.
"Enterprises under EU investigations also include those from the United States and other trading partners," Ederer said at a press conference.
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