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China unlikely to join EU procurement pact

03-23-2012 08:28 BJT

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The European Union is seeking new powers to get access to public-sector deals in other countries. The EU says it wants equal footing, but others are seeing it as protectionist at a time when the region is already clashing with major trading partners over its controversial emissions tax scheme for airlines.

China's Ministry of Finance said on Thursday that the nation will probably not take part in this international procurement agreement because the increased standards set by developed nations and that China needs to adjust some of its domestic regulations before it can join.

The European Union is expected to introduce a new version of its government procurement agreement on Wednesday.

According to reports, the latest version would bar companies in certain countries, including China, from access in European public programs, while urging these countries to further allow European companies compete for government business.

 

 

Editor:Zhang Rui |Source: CNTV.CN

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