China Lashes Out at EU over Modem Probe
The EU’s action spotlights the trade tensions between China and Europe. Prior to the EU instigating their investigation, China had established anti-dumping duties against steel fasteners from the EU. The flare-up has the potential to complicate the global economic recovery.
The EU started its investigation after Belgium-based Option NV filed a complaint with the European Commission over the modems. According to a statement dated Wednesday on its website, Option said it “had requested the investigation and immediate registration of imports because of the severe injury caused by the sharp increase of obviously dumped imports into the European market.”
According to the EU’s official journal, Belgium-based Option is the only EU company that manufacturers such modems. As such, China’s Ministry of Commerce said in a statement that the investigation is protectionist and interferes with trade. “(The probe) not only hinders the process of the EU’s own economic recovery, but also harms the interests of China and is not conducive to the development of science and technology.” The case involves about $4.1 billion worth of goods and the ministry argues the modem promotes technological advancement, creates new markets, and brings benefits to consumers.
The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) is urging the European Union to provide a level playing field for Chinese IT firms. Wang Guiqing, vice-president of CCCME, says, “Many of the wireless modems imported from China are sold at a higher price than those made in Europe. The EU’s investigation is a move that kills market innovation.”
that’s craaaaaaaaaaaaaaaaaaaaaaaaaaazy
It's between B and C…what do you think?
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Export Administrator You will be responsible for the planning, coordination and control of all export of the company’s products. Additionally the Export Administrator is responsible for the documentation of export activities and obtaining the correct export license for the goods to be exported. You will also assist in the coordination of the product returns process with specific focus on the import and export of products returned for repair. Key Responsibilities Arrange all export shipping and coordination of imports such as purchased parts subject to specific import/export controls and product returns Produce all required paper work and documentation for national and Export …