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EU Commission Prepares "Green Deal" To Counter Chinese Subsidies


Reuters has reported that the European Commission is preparing to reveal plans for its "Green Deal Industrial Plan" at a meeting of European diplomats on Wednesday.

  • Reuters: “The plan is designed to outline how Europe can keep its place as a manufacturing hub for green products such as electrical vehicles and respond to multi-billion dollar subsidy programs of China and the United States.”
  • A draft of the document says: “Chinese subsidies have long been twice as high as those in the EU... distorting the market and ensuring China's lead in a number of technologies.”
  • "Europe and its partners must do more to combat the effect of these unfair subsidies and prolonged market distortion.”
  • Euractiv reported last week that the Czech Republic, Denmark, Finland, Austria, Ireland, Estonia, and Slovakia have formally objected to any proposal which will compel addition EU funding in a letter to European Commission Vice President Valdis Dombrovskis.
  • According to Euractive, Germany, the Netherlands, and Belgium also likely to vote against the plans when EU leaders meet to discuss them on 9-10 February.

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