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The European Union launched an investigation into China's procurement of medical devices on Wednesday in a latest effort to protect home-grown manufacturers. It has also launched several...
The European Union on Wednesday announced a probe into China's medical devices market, prompting an immediate accusation from Beijing that the bloc was engaging in "protectionism".China's medical devices market is the second largest after the United States, worth around 135 billion euros in 2022 ($145 billion), according to a 2023 report by China-focused think tank MERICS. The EU probe is the first under the bloc's International Procurement Instrument which seeks to promote reciprocity in access
The European Commission initiates an inquiry into Chinese procurement of medical devices, suspecting unfair access for European suppliers. Under the EU International Procurement Instrument, the probe may lead to restrictions on Chinese firms bidding in EU tenders. Allegations include 'Buy China' policies and abnormally low bids. China invited for consultations.
Brussels fears China is favoring local suppliers and, in the journal, the EU provided the different ways this could be happening including the "Buy China" policy.
The European Union launched an investigation on Wednesday into Chinese public procurement of medical devices to determine if European suppliers have been granted fair access, the EU's official... -April 24, 2024 at 01:01 am EDT - MarketScreener