The European Union will not take action against Chinese mobile telecommunications product manufacturers, it announced Thursday. In May 2013, the European Commission opened an investigation into “dumping”‘ practices that put products into the market at vastly reduced prices. The Commission was concerned that Chinese companies such as ZTE and Huawei Technologies, which make equipment used by mobile telecommunication carriers to transmit and receive voice and data, were flooding the EU market.
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EU drops dumping investigation against Chinese telecom compaies
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Published March 29, 2014
TECHi's Take
The EU will not take action against Chinese mobile telecom equipment makers including Huawei and ZTE, in order to maintain European manufacturers a place in the world’s second-largest economy. The decision came on Thursday during Chinese President Xi Jinping’s visit to Europe, when the European Commission announced it had ended an anti-dumping investigation into Chinese mobile telecommunications networks, according to a Reuters report. In May, 2013, the European Commission started an investigation into Chinese companies including Huawei and ZTE, claiming that these Chinese telecom equipment makers were selling products to European mobile telecom carriers at substantially reduced prices and hurting the interests of local companies, including European telecom makers such as Ericsson, Nokia Siemens Networks and Alcatel-Lucent.
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