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EU considers forced tech transfers for Chinese investments
Enforcing joint ventures is another option on the tableSummarise
- The EU has spent the last several years vowing to protect domestic manufacturers from China. PHOTO: BLOOMBERG
[BRUSSELS] The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more competitive.
The measures would apply to companies seeking access to key digital and manufacturing markets such as cars and batteries, according to sources familiar with the plans. The rules would also require the firms to use a set amount of EU goods or labour, and to add value to the products on EU soil.
Enforcing joint ventures is another option on the table