- Joined
- Dec 17, 2009
- Messages
- 13,811
- Likes
- 6,734
EU warns Huawei, ZTE to raise prices or face tariffs
Staff Reporter 2013-02-08
Chinese telecom equipment makers Huawei and ZTE may face punitive tariffs from the European Union if they do not raise their prices, according to the Guangzhou-based Yangcheng Evening News.
The EU has said that the two companies have to raise the prices of their products by 29% and China must open 30% of its telecom market to European telecom equipment suppliers in exchange for dropping their anti-subsidy investigation into the two companies.
Officials from Chinese Ministry of Commerce have flown to Europe to negotiate.
EU warns Huawei, ZTE to raise prices or face tariffs|Markets|Business|WantChinaTimes.com
Staff Reporter 2013-02-08
Chinese telecom equipment makers Huawei and ZTE may face punitive tariffs from the European Union if they do not raise their prices, according to the Guangzhou-based Yangcheng Evening News.
The EU has said that the two companies have to raise the prices of their products by 29% and China must open 30% of its telecom market to European telecom equipment suppliers in exchange for dropping their anti-subsidy investigation into the two companies.
Officials from Chinese Ministry of Commerce have flown to Europe to negotiate.
EU warns Huawei, ZTE to raise prices or face tariffs|Markets|Business|WantChinaTimes.com