EU to Restrict China's Participation in Medical Devices Procurement
The European Union said it plans to exclude Chinese companies from the bloc's government purchases of medical devices after concluding that EU manufacturers don't have equal access in China, widening trade tensions between Brussels and Beijing.
The European Commission, the EU's executive arm, said Friday that the measure will apply to purchases exceeding 5 million euros ($5.7 million). The decision follows the conclusions of the first investigation under the International Procurement Instrument, or IPI.
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