ZCZC
BCN-16
CHINA-EU-US-TRADE-WTO
China ‘regrets’ EU challenge at WTO
BEIJING, June 4, 2018 (BSS/AFP) – China voiced regret over the European
Union’s decision to lodge an intellectual property rights complaint at the
World Trade Organization, just as Beijing is embroiled in a similar dispute
with Washington.
The EU brought the challenge to the WTO on Friday, accusing Beijing of
unfairly requiring foreign firms to hand over their technology to Chinese
companies in order to do business in China.
“China expresses regret over the EU launching the complaint and will
properly handle it according to the WTO dispute settlement procedures,”
China’s Ministry of Commerce said in a statement published late Sunday.
“The Chinese government has always attached great importance to the
protection of intellectual property rights and has adopted many powerful
measures to protect the legitimate rights and interests of domestic and
foreign intellectual property rights holders.”
Foreign companies need to form joint ventures with local companies to do
business in the massive Chinese market, which often involves sharing their
technology and know-how.
US allegations that China steals company secrets are at the heart of the
ongoing trade dispute between the world’s two biggest economies.
Washington launched its own WTO challenge over alleged Chinese IP breaches
on March 23.
The two countries have held a series of negotiations aimed at averting a
trade war.
US Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He held
talks at the weekend, which ended with Beijing warning that any deals would
be void if Washington follows through on threats to impose massive tariffs on
Chinese goods.
BSS/AFP/HR/1100