Trade Wars: ‘EU, China must resolve trade disputes’

Now there are worries that the tit-for-tat dispute will spread to the auto sector.


Reuters June 09, 2013

TOKYO: French President Francois Hollande said on Saturday that the European Union (EU) must work with China and called for a balanced resolution to an escalating trade dispute that began with solar panels but has since spread to European wines.

Speaking at a conference with Japanese business representatives in Tokyo, Hollande said there need to be clear ground rules and more cooperation between both sides. “We need to resolve our trade problems with China through discussion, without advantages being given to one country over another.” Hollande said. The Chinese authorities this week launched an anti-dumping inquiry into European wine sales, seen as a retaliatory move after the EU moved to impose duties on Chinese solar panels.

Now there are worries that the tit-for-tat dispute will spread to the auto sector. Europe’s official car industry association said on Friday Beijing may look into a complaint about luxury cars imported from the EU.

Published in The Express Tribune, June 9th, 2013.

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