The European Union (EU) is revealing its strategy to counter China’s aggressive trade policies and protect critical technologies from falling into Beijing’s hands. Brussels intends to publish a list of sensitive technologies that should not be made easily available to countries that could potentially harm EU security, interests, or human rights. Additionally, the European Parliament plans to approve a mechanism allowing the bloc to impose tariffs, limit investment, and restrict access to public contracts for nations engaging in economic blackmail. These measures are a response to China’s trade restrictions on EU member Lithuania following its strengthened ties with Taiwan.
The EU aims to maintain dialogue with China but has intensified efforts to curtail critical trade with the country. European Commission President Ursula von der Leyen advocates for economic security and encourages producing more within Europe while collaborating with friendlier nations. The EU is particularly focusing on cutting its reliance on China for critical raw materials and exploring a limited set of cutting-edge technologies that could enhance the military capabilities of certain countries. The technologies of concern include quantum computing, advanced semiconductors, and artificial intelligence.
Efforts to decrease dependence on China for raw materials have become more urgent since July when China restricted access to gallium and germanium, essential for making semiconductors. In another move against China, the EU launched a probe into Chinese electric car subsidies last month due to concerns of unfair competition in the EU market.
The EU’s strategy reflects a balanced approach, seeking to protect its interests while maintaining dialogue with China. The proposed measures aim to safeguard critical technologies, promote economic security, and reduce dependence on foreign sources for raw materials. By taking these steps, the EU strives to establish a more resilient and secure trading environment while fostering innovation and growth within its own borders.
Frequently Asked Questions (FAQs) Related to the Above News
What is the European Union's strategy to counter China's aggressive trade policies?
The European Union plans to publish a list of sensitive technologies that should not be easily accessible to countries that may pose a threat to EU security, interests, or human rights. Additionally, the EU intends to approve a mechanism that allows for imposing tariffs, limiting investment, and restricting access to public contracts for nations engaged in economic blackmail.
What prompted the EU to take these measures?
These measures are a response to China's trade restrictions on EU member Lithuania after it strengthened its ties with Taiwan. The EU aims to protect its member states and critical technologies from falling into Beijing's hands.
What approach does the EU aim to take towards China?
The EU aims to maintain dialogue with China while curtailing critical trade with the country. European Commission President Ursula von der Leyen emphasizes the importance of economic security and encourages producing more within Europe while collaborating with countries that have friendlier relations.
Which technologies are of concern to the EU in terms of falling into the wrong hands?
The EU is particularly concerned about sensitive technologies such as quantum computing, advanced semiconductors, and artificial intelligence. These technologies have the potential to enhance the military capabilities of certain countries.
Why is the EU trying to decrease its reliance on China for raw materials?
The EU's efforts to reduce dependence on China for raw materials have become more urgent following China's restriction on gallium and germanium access in July. These materials are crucial for making semiconductors, and ensuring a stable supply is essential for the EU's technological autonomy.
What actions has the EU taken against China recently?
Last month, the EU launched a probe into Chinese electric car subsidies due to concerns of unfair competition in the European market. This demonstrates the EU's commitment to safeguarding its economic interests and ensuring a level playing field.
What is the ultimate goal of the EU's strategy?
The EU's strategy aims to establish a more resilient and secure trading environment. By safeguarding critical technologies, promoting economic security, and reducing dependence on foreign sources for raw materials, the EU aims to foster innovation and growth within its own borders.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
