EU Bans Chinese Firms from Major State Medical Equipment Contracts

World News

EU Bans Chinese Firms from Major State Medical Equipment Contracts

5 months ago

News sources:

INDIATIMES

REUTERS

CHANNELNEWSASIA

DAWN

EU Bans Chinese Firms from Major State Medical Equipment Contracts

Credited from: REUTERS

The EU bans Chinese companies from government medical device contracts over €5 million.
This move responds to China's perceived discriminatory practices against EU firms.
The EU aims to ensure reciprocity in market access amid ongoing trade tensions.
China has accused the EU of adopting protectionist policies.
New restrictions are part of broader EU initiatives to protect local businesses.

The European Union has announced a ban on Chinese firms participating in state contracts for medical equipment worth more than €5 million (approximately $5.8 million). This measure is a direct response to China’s longstanding exclusions of EU medical devices from its government contracts, which Brussels cites as a discriminatory practice against EU businesses, representing a wider market worth €150 billion in the EU. "Our aim with these measures is to level the playing field for EU businesses," stated EU trade commissioner Maros Sefcovic, reinforcing the bloc's commitment to dialogue with China to resolve these ongoing tensions, according to India Times, Reuters, Channel News Asia, and Dawn.

India Times, Reuters, Channel News Asia, and Dawn.

India Times, Channel News Asia, and Dawn.

Reuters, Channel News Asia, and Dawn.