EU launches probe into China's medical devices procurement

HORNBILLTV
April 25,2024 06:43 PM
HORNBILL TV

Highlights

Launching an inquiry against China allegedly for favoring its domestic companies in tenders for medical devices, the EC said it is weighing possible tit-for-tat measures, Euronews has reported.

Brussels [Belgium], April 25 (HBTV): Launching an inquiry against China allegedly for favoring its domestic companies in tenders for medical devices, the European Commission said it is weighing possible tit-for-tat measures, Euronews reported.  



The move comes amid longstanding grievances from the EU regarding alleged discriminatory practices that hinder European companies from accessing China's lucrative medical device market. 



Brussels has long accused Beijing of employing distorting and discriminatory practices, noted the European Commission. These practices, which include stringent certification processes, opaque approval systems, and demands for abnormally low prices, have created significant barriers for European manufacturers seeking to compete in China, as reported by Euronews.  



According to reports, the EU's medical device industry has faced challenges due to China's "Buy China" policy, which prioritises domestically made products in public tenders. This policy shift has impacted leading exporters of medical appliances in Europe, including Germany, the Netherlands, and France, who produce a range of high-value medical devices. 



The probe, announced by the Commission, will investigate feedback from member states and businesses, engaging in dialogue with Chinese representatives over a period of up to nine months, with a potential extension of five months.    



"If the investigation confirms the existence of the suspected practices," stated the Commission, "retaliatory measures on China could be considered to ensure fair competition." These measures could include restrictions on Chinese companies' participation in public procurement across the EU, a market valued at over two trillion euros. 



Alternatively, the Commission may opt for more targeted measures, such as limiting prohibitions to tenders above a certain value or imposing conditions that disadvantage Chinese applicants. 



(ANI) This is a syndicated news feed. HBTV has edited it for clarity