April 24, 2024 (EIRNS)—An unannounced raid was carried out on April 23, under the European Union’s Foreign Subsidies Regulation, which has been in place since last July, against a company marketing Chinese medical devices. So far, the EU Commission has opened several investigations under the regulation, including into Chinese solar panel manufacturers and wind turbine producers, but this is the first time it has carried out a police action.
“The Commission has indications that the inspected company may have received foreign subsidies that could distort the internal market under the Foreign Subsidies Regulation,” the EU Commission said in a statement. The raid was carried out in several member states and the company is not named.
The same day, the Chinese Chamber of Commerce to the EU issued a long statement which strongly attacked the EU investigations. “The chamber restates its firm opposition to the European Commission’s use of the FSR as a means to economically pressure Chinese companies operating in the EU, particularly in the green transition sector, with this new tool,” the Chamber said in a statement it sent to the Global Times on April 23.
