European businesses want better access to Chinese markets | 30 May 2013
A review by The European Union Chamber of Commerce has described the poor market access experienced by European traders as “discriminatory” compared with those for traders from elsewhere.
According to ft.com, this unlevel playing field is causing 17.5 billion euros worth of missed opportunities throughout Europe every year.
Those investing in Chinese commercial property may well have experienced these tough hurdles in the past. There are fears that they could soon result in a sharp decline in European investment from China.
Davide Cucino, who is president of the EU’s Chamber of Commerce, has claimed it is in the interest of both markets for this issue to be resolved.
Speaking to channelnewsasia.com, he called for an “efficient and well-functioning business environment that has equal competition at its core”.
“Who would not be concerned?” he added. “We urge that both sides would engage in friendly negotiations to reach any possible, amicable solutions to the issue. This is especially to avoid imposition of any measure.”
European businesses make up a substantial portion of China’s office and warehouse tenants. Any decline in investment from Europe could have a significant effect on commercial property prices across the nation.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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