In exchange for access to its market, the European Union will require China to locate its production facilities in Europe and share intellectual property. This is reported by the Financial Times newspaper.
The publication refers to EU officials, according to whom the new requirements of Brussels comply with China's own rules, which always requires foreign companies to share intellectual property in exchange for access to their market.
Thus, the newspaper notes, the EU seeks to protect its companies operating under strict environmental regulations and strengthen their competitiveness.
Earlier, the European Union has already imposed duties ranging from 17.4% to 37.6% on electric vehicles from China. As stated in the European Commission, this was a measure to counteract "illegal subsidies."
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