VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
cross-posted from: https://lemm.ee/post/44172736
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Chinese companies should only be allowed to found companies in the EU as a joint venture with a European partner, while this European partner holds a controlling majority. I am sure that China will fully support such a law as a reciprocity is an important feature of global trade.
This perfectly exemplifies the saying, 'If you can't beat them, join them.'
Join? No. Global trade requires fair competition, reciprocity, transparent supply chains, human rights baked into economic agreements such as the WTO, among other things.
What humanity needs is a just transition to solve current and upcoming social and environmental issues. There are many countries in the world whose policies are manifestly unjust, unfortunately.