That stock News

David Cameron is intended to strengthen ties with China, Europe political target of Beijing to its authorities only buy Chinese goods and services require.

For the past eight years, public China markets have tripled reaches more than 54 billion worth of ￡, according to the China Business Review magazine.

Karel de Gucht, European Trade Commissioner has proposed "a tool by which we can impose reciprocity" to ensure that China has made discrimination against foreign companies step while giving the Government funded contracts.

"Imagine a Chinese company that participates in a call offers and on the other hand the same sector or sub-sector, procurement is not opened in China, then we could surgery," he said.

The European Commission formally table "reciprocity mechanism" more later this winter and Mr de Gucht has insisted that the measure was necessary because companies in Europe were becoming increasingly frustrated by barriers to investment in China.

Policy of Beijing to require its authorities to purchase only Chinese products and services developed more and more European companies angry that China investors entering public procurement in Europe.

"The only way to respond it is that say us ', this can be done by a country or a company of the country where there is no reciprocity in that regard,"said Mr de Gucht.""

Robert Sturdy, a Conservative MP and vice Chairman of the Committee of the trade of the European Parliament welcomed the proposal but warned that "protectionism looks far too attractive to many in the European Union", especially for the countries of southern Europe.

"All too often, the European Union on the international trade processes are obscures.Les future decisions on trade must be much more open and transparent and based on solid fact instead of politics,"he said.""

View the original article here