quarta-feira, 13 de janeiro de 2016

EUROPE OPENS DEBATE ON CHINA TRADE STATUS

The European Commission will consult industry and its trade partners in response to Beijing's demand that trade barriers against it be relaxed, opening a politically charged debate on Wednesday that will shape future ties with China.

The steel industry in particular has been a fierce opponent of any loosening of trade barriers against China. The industry association Eurofer, which has lodged a series of complaints against China, said Chinese steel production over capacity was some 400 million tonnes, more than twice the total EU steel production of 170 million tonnes.

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