Announcements from the World Trade Organization or Chinese government statements

EU Demands Tech Transfers from Chinese Firms for Clean Tech Subsidies

Nov 19, 2024, 07:30 AM

The European Union is set to implement a new policy requiring Chinese companies to transfer technology to European businesses in exchange for EU subsidies, according to the Financial Times. This move, part of a tougher trade regime, comes as a response to the election of Donald Trump and aims to secure intellectual property in clean technology sectors. Senior officials have revealed the proposal, signaling tougher trade measures against China. The policy will initially apply to batteries but could expand to other green sectors.