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EU decides not to investigate Chinese telecoms [China Daily: Hong Kong Edition](China Daily: Hong Kong Edition Via Acquire Media NewsEdge) The European Union has decided not to launch an anti-subsidies investigation into Chinese telecommunications equipment makers Huawei Technologies and ZTE Corp. The decision was made during an annual meeting between Chinese and EU trade officials in Brussels on Saturday. This is the second consultative agreement between Beijing and Brussels following a consensus to implement a price undertaking over China's multibillion-dollar solar panel exports to the European market. The two solutions have helped avoid trade wars among the world's biggest economies. "Today's consensus has shown that both sides have the wisdom and ability to handle trade frictions and thus create better conditions for deepening bilateral economic and trade ties," Chinese Minister of Commerce Gao Hucheng said, adding that the meeting featured discussions on China-EU economic and trade ties and brought about "broad consensus." Brussels could not be reached for immediate comment, but the news release from China quoted EU Trade Commissioner Karel De Gucht as saying the EU is willing to work with China to resolve trade disputes via closer communication and clear hurdles to the development of bilateral ties. Joy Tan, chief spokesperson for Huawei, welcomed the decision and said Huawei sticks to the principle of fair competition and has won the trust of its customers. "In Europe, we have strived to deepen communication with local partners and customers as always. ... We firmly believe an open and competitive environment will benefit not only the industry but also the consumers," Tan said. Officials close to the agreement told China Daily that Saturday's consensus is a "friendly gesture" by Brussels to boost its partnership with Beijing before the current European Commission ends its term in a few days. De Gucht said at the opening of the closed-door meeting on Saturday that the talk was the final one he would hold with the Chinese side. During his tour in Milan, Italy, Premier Li Keqiang hosted a dinner with outgoing European Commission President Jose Manuel Barroso, who will be replaced by European Council President Herman van Rompuy. Liu Jia contributed to this story. [email protected] (China Daily 10/20/2014 page1) (c) 2014 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |