SME Times News Bureau | 20 Oct, 2014
The European Union(EU) and China in Brussels Saturday reached a consensus on EU's dropping of anti-subsidy probe against Chinese wireless communications equipment, Chinese officials said.
Co-chaired by Chinese Minister of Commerce Gao Hucheng and the EU Trade Commissioner Karel De Gucht, the meeting featured multiple topic discussions on China-EU economic and trade ties and brought about "broad consensus", Xinhua reported citing Chinese officials.
Gao said the fact that both sides reached consensus on EU's dropping anti-subsidy probe against Chinese wireless communications equipment as well as on maintaining a market environment featuring openness and fair competition has again demonstrated that both sides have the wisdom and ability to handle trade frictions and thus create better conditions for deepening bilateral economic and trade ties.
Hailing the meeting's results, De Gucht said the EU would immediately launch its internal procedures regarding dropping the probe. He said the EU is willing to work with China to resolve trade disputes via closer communication and clear hurdles to the development of bilateral ties.
Huawei spokesperson Joy Tan in a written statement welcomed the decision of both sides, saying Huawei always sticks to principle of fair competition and has won trust of its customers.
