The European Union is set to demand technology transfers from Chinese companies, according to a report by the Financial Times. The EU aims to address the issue of unequal market access between European and Chinese companies, with a focus on industries such as electric vehicles and renewable energy.
The move comes as part of a broader effort to rebalance trade relations between the EU and China, with the EU seeking to increase its leverage in negotiations with China. The EU has faced criticism for not being as assertive as the US when it comes to demanding technology transfers from Chinese companies.
The demand for technology transfers is seen as a way to level the playing field and ensure fair competition between European and Chinese companies. It is also seen as a way to address concerns about China’s growing influence in strategic industries in Europe.
The EU’s push for technology transfers from Chinese companies is likely to face resistance from Beijing, which has previously been hesitant to share its technology with foreign companies. However, the EU is expected to push for these transfers as part of its broader strategy to strengthen its economic ties with China while also protecting its own interests.
Overall, the demand for technology transfers from Chinese companies reflects the EU’s efforts to assert itself in trade negotiations with China and address concerns about technology transfer and unequal market access. The issue is likely to be a key point of contention in future EU-China trade talks.
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