The EU-China Chamber of Commerce took note of recent reports that EU member states are pushing the European Commission to speed up the formulation of the European version of the “301” tool. We are concerned and concerned about the European side's current related discussions. The Chamber of Commerce believes that if the European “301” tool involved in media reports is finally implemented, it may raise major concerns about its compatibility with World Trade Organization rules. Unilateral trade instruments of this kind can easily instrumentalize and weaponize international trade. Not only will they not help resolve structural problems currently faced by the European industry, such as high energy costs, insufficient investment, and increased innovation capacity, it will disrupt the trade order between China, Europe and the world, and bring new uncertainty to the stability of the global industrial chain and supply chain. European industry has also been adversely affected by similar unilateral trade measures. The Chamber of Commerce believes that international trade instruments should not fall into “bottom to bottom competition,” let alone replace multilateral rules with unilateral measures. Maintaining a multilateral trading system based on World Trade Organization rules and avoiding “favoring neighbors” conforms to the common interests of all parties, including Europe.

The EU-China Chamber of Commerce took note of recent reports that EU member states are pushing the European Commission to speed up the formulation of the European version of the “301” tool. We are concerned and concerned about the European side's current related discussions. The Chamber of Commerce believes that if the European “301” tool involved in media reports is finally implemented, it may raise major concerns about its compatibility with World Trade Organization rules. Unilateral trade instruments of this kind can easily instrumentalize and weaponize international trade. Not only will they not help resolve structural problems currently faced by the European industry, such as high energy costs, insufficient investment, and increased innovation capacity, it will disrupt the trade order between China, Europe and the world, and bring new uncertainty to the stability of the global industrial chain and supply chain. European industry has also been adversely affected by similar unilateral trade measures. The Chamber of Commerce believes that international trade instruments should not fall into “bottom to bottom competition,” let alone replace multilateral rules with unilateral measures. Maintaining a multilateral trading system based on World Trade Organization rules and avoiding “favoring neighbors” conforms to the common interests of all parties, including Europe.