Virgos Groove Posted November 26 Posted November 26 Quote Brussels is planning to force Chinese companies to transfer intellectual property to European businesses in return for EU subsidies as part of a tougher trade regime for clean technologies. New criteria requiring Chinese businesses to have factories in Europe and share technological knowhow will be introduced when Brussels invites bids for €1bn of grants to develop batteries in December, according to two senior EU officials. The pilot could be rolled out to other EU subsidy schemes, they said. The requirements, while at much smaller scale, echo China's own regime, which pressures foreign companies into sharing their intellectual property in exchange for access to the Chinese market. The criteria could be subject to change ahead of the tender, officials said. Financial Times 4 1
KingWitch Posted November 27 Posted November 27 1 hour ago, commander said: Do they do the same with US companies though? No but they're just doing what China does to other countries, if you read the article...
Archetype Posted November 27 Posted November 27 It's about time they did this. The only problem with this strategy is that China has the advantage of very cheap labor, so even if the EU is able to develop similar technology, it will always cost more unless they raise tariffs even more.
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