Trade barriers cost EU billions in lost business in China – Reuters

From Reuters, via The International Herald Tribune:

European Union companies are denied business opportunities in China worth at least €20 billion a year because of nontariff trade barriers, according to a study published by the European Commission.

The survey, conducted by consultants for the EU executive, said China offered huge opportunities for European business, especially in services and environmentally friendly technology.

But it said China was not living up to its World Trade Organization commitments in many areas, notably in implementing the rules by the provincial authorities and in intellectual property rights, and European industry was suffering as a result. [Full Text]

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