China and the European Union aim to end a long-running telecoms row next week, the EU’s trade chief said on Friday, potentially easing tensions between two of the world’s top trading powers.
Reuters reported exclusively this week that Europe was close to a deal with Beijing on defusing the issue of what Brussels says are illegal subsidies to Chinese makers of equipment for mobile telecom networks.
De Gucht confirmed the progress, telling reporters at an event in Berlin: “We are confident that the subsidy proceedings against the network providers can be resolved next week.”
He gave no details but the EU and China are understood to have prepared the draft of a deal ahead of a meeting between Chinese Premier Li Keqiang and senior EU officials at a summit in Milan on Oct. 16-17.
Source: BEN Latest News