According to EU figures, around 25 million people worldwide work in conditions that could be classified as forced labor. In countries such as China, these modern-day slaves pick cotton for clothing, harvest fruit and vegetables, or assemble electrical components. These goods then end up in the hands of European consumers. This is set to change. […]
The European Parliament has given the green light to a regulation with which the EU wants to open China’s public procurement market to European firms. The International Procurement Instrument (IPI) received the necessary votes on Thursday. “It will significantly strengthen the EU in the harsh international trade environment,” said Daniel Caspary (CDU), the MEP in […]
After an internal debate, the European Parliament will not classify the human rights violations in Xinjiang as “genocide” for the time being. The EU Parliament will vote on a corresponding resolution, i.e., its own position, on Thursday.Earlier this week, there had been negotiations between the individual political groups on whether the incidents in Xinjiang should […]
After an internal debate, the European Parliament will not classify the human rights violations in Xinjiang as “genocide” for the time being. The EU Parliament will vote on a corresponding resolution, i.e. its own position, on Thursday. At the beginning of the week, there had been negotiations between the individual political groups on whether the […]
Mr. Bloss, why does the EU need carbon border adjustment?In the EU, we have a carbon pricing regime: the Emissions Trading System ETS. The industry will also be increasingly affected by its effects. We now fear that suppliers from outside the EU will enter our market with dumping prices, offering cheap but not climate-friendly steel. […]
I hope our readers in China had a nice 端午节 (Dragon Boat Festival), while we in Europe enjoyed an extended Pentecost weekend. With only a shortened week ahead of us, we plan to hit the ground running:Europe has a problem with Chinese steel. First, it is produced with state subsidies and in a way that […]
Chinese investors have abandoned acquisition plans for graphene manufacturer Perpetuus Group following a security review by the British government. “The proposed acquisition has been abandoned,” UK Business and Energy Secretary Kwasi Kwarteng wrote on Twitter. “The UK Government monitors the market at all times to identify acquisitions of potential national security interest. We will intervene […]
The EU and Taiwan want to cooperate more closely on securing semiconductor supply chains. Supply bottlenecks are to be identified faster and negative effects mitigated, as the EU Directorate-General for Trade announced on Thursday following talks between the two parties. According to the statement, increased cooperation is to take place under the European Chips Act. […]
China’s Foreign Minister Wang Yi will apparently end his tour of the South Pacific without the desired outcome: A pre-prepared – and leaked – comprehensive security policy agreement between China and several countries in the region was reportedly already shelved earlier this week at a meeting of foreign ministers in Fiji, Washington Post reported. There […]
The US and Taiwan will hold new bilateral trade negotiations. This was announced by the US government on Wednesday. According to the statement, Washington and Taipei plan to “move quickly to develop a roadmap” for the trade initiative, called the US-Taiwan Initiative on 21st-Century Trade, in the coming weeks. Initial face-to-face meetings are also scheduled […]