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China,Hong Kong : EU to launch trade case against China\'s Huawei, ZTE telecom
Publish Date : 29-May-2012
The European Union is set to launch a major trade case against China\'s biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies.
The EU told member states it had been gathering evidence for an anti-dumping case against Huawei Technologies Co Ltd and ZTE Corp , saying that they had obtained illegal government subsidies and sold products in the EU below cost, the newspaper said, quoting unidentified EU officials and executives.
Once the EU determined that China was acting illegally, Huawei and ZTE, the world\'s No 2 and No 5 telecom equipment makers, could be subject to punitive EU tariffs.
ZTE declined comment, while Huawei had no immediate comment.
