China has announced a ban on the import of high-value medical devices from the European Union, marking a response to similar measures taken by Europe.
Ban on Medical Devices from the EU
On Sunday, China’s finance ministry announced that government procurement of medical equipment from the EU worth more than 45 million yuan (approximately $6.3 million) will no longer be permitted. This announcement is a direct response to the European Union’s recent restrictions on Chinese participation in public tenders for medical devices.
Escalating Trade Frictions
Tensions between the EU and China have been building over recent months. Last week, the European Commission announced new tariffs on Chinese electric vehicles, citing market distortion caused by subsidies as a reason for the decision. In retaliation, China initiated an investigation into EU brandy imports.
Prospects for Bilateral Relations
The new restrictions from China could significantly impact European medical device manufacturers that rely on large government contracts. While both countries emphasize the importance of dialogue, the current trade measures indicate a growing fragmentation in relations between the largest economies.
China’s ban on medical devices from the EU marks a further deterioration of trade relations, which could have serious implications for both parties.
