China has issued a sharp rebuke against the European Union's reported decision to restrict Chinese medical device manufacturers from participating in high-value public procurement contracts. The move, which applies to tenders exceeding €5 million ($5.7 million) over five years under the EU's International Procurement Instrument, has drawn accusations of protectionism from Beijing.
A Clash Over Fair Trade Principles
In a strongly worded statement, China's Ministry of Commerce spokesperson criticized the measures as "discriminatory" and warned they could "distort fair competition." The comments come amid growing scrutiny of global supply chains in sensitive sectors, with medical equipment becoming a new flashpoint in China-EU economic relations.
WTO Rules Under Spotlight
The spokesperson emphasized the need to uphold World Trade Organization principles, stating: "At a time when unilateralism and protectionism are undermining the global economic order, major economies should lead by example in maintaining fairness and transparency." Beijing has called on Brussels to "correct its wrong approach" and avoid creating new trade barriers.
Economic Implications
With China being a major exporter of medical devices ranging from MRI machines to surgical equipment, the restrictions could impact over $2.8 billion in annual EU imports from Chinese manufacturers. Analysts suggest the dispute might influence ongoing negotiations on the Comprehensive Agreement on Investment between China and the EU.
The ministry confirmed China will "take necessary measures" to protect its enterprises' interests, signaling potential retaliatory actions if the measures are implemented. This development marks the latest chapter in the delicate balancing act between economic cooperation and strategic competition shaping Asia-Europe relations.
Reference(s):
cgtn.com