EU expresses concern over growing protectionism in China

[OhioChick]

Source: Economic Times of India

17 Mar 2010, 1630 hrs IST, AFP

BEIJING: The European Union said Wednesday it was concerned about growing protectionism and unequal treatment for European firms in China, but criticised public pressure on Beijing to revalue the yuan.

"We are worried we are seeing more and more complex procedures," Serge Abou, the EU ambassador to China, told reporters.

Before exporting to China, most European firms must be awarded a China compulsory certificate -- a safety licence requirement -- that involves "long delays, higher costs (and) more and more complicated procedures," he said.

"If you are a small company you are discouraged by all this and you prefer to skip the Chinese market, and that means... protectionism," he said, calling for Beijing "to simplify, or even suppress the procedures."


Read more: http://economictimes.indiatimes.com/news/international-business/EU-expresses-concern-over-growing-protectionism-in-China/articleshow/5694317.cms