EU Businesses Want Better Access to Chinese Market

The European Union Chamber of Commerce in China says that China still fails to meet commitments to the World Trade Organisation to allow foreign companies access to domestic markets including telecommunications, airline reservations and distribution of gasoline and other petroleum products, reports the Wall Street Journal.

 

Quoting Jacques de Boisséson, president of the chamber, the Journal says many companies are attracted to China's rapid growth but tough regulations can make it hard for them to make a profit. The European chamber cites stringent licensing requirements and arbitrarily-enforced legislation as some of the hurdles foreign businesses have to face.

 

"I would not recommend that European companies suspend their plans for investing in China," says de Boisséson. "We are confident that a renewed dialogue with the Chinese government will help mitigate or solve the issues we have mentioned."

 

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