Overview
- EU member states approved restrictions on Monday, paving the way for curbs to take effect within weeks
- The International Procurement Instrument will allow the EU to adjust tender scores or impose outright bans on Chinese companies vying for government contracts
- China’s Chamber of Commerce to the EU expressed “profound disappointment” and warned the decision could further strain bilateral trade relations
- Commerce Minister Wang Wentao is set to meet EU Vice-President Maroš Šefčovič in Paris to address reciprocal market access issues
- The dispute stems from Beijing’s “Buy China” policies and ties into wider EU-China tensions over tariffs and investigations in sectors like electric vehicles and agricultural exports