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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World EU trade chief says China business concern rising AFP - Thursday, July 22 Send IM Story Print EU trade chief says China business concern rising Slideshow: Full Photo Coverage: Business & Economy SHANGHAI (AFP) - – European Union Trade Commissioner Karel De Gucht said Thursday European companies were increasingly worried about doing business in China, citing intellectual property protection as a major concern. De Gucht said procurement policies in particular must become more open and transparent, and that Beijing's "indigenous innovation" policy must not freeze European firms out of the information technology and clean energy sectors. "European companies are increasingly worried," De Gucht told reporters at a trade event at the European Union pavilion at Shanghai's World Expo. "Most of it has to do with the protection of intellectual property because the core of our economy is of course intellectual property," he said. Related article: China's Huawei denies Motorola theft charges The indigenous innovation policy forces European companies to register as Chinese companies to participate in the public procurement market and to bring their intellectual property "into the open", De Gucht said. The EU is in talks with Beijing to improve conditions for European businesses, but De Gucht also said the bloc was working on measures to demand reciprocity in procurement markets. "The idea is we could respond to a closing of procurement markets, which are very important, not only in China, but all over. We are facing more and more problems with respect to this and that's why we are working on tools to defend ourselves," he said. Foreign business leaders are becoming increasingly vocal about what they see as unfair conditions set by Beijing. German business leaders expressed their concerns about restrictions directly to Chinese Premier Wen Jiabao at a meeting last week during a visit by German Chancellor Angela Merkel, De Gucht confirmed. The European Union was also looking at China's "Great Firewall" system of Internet censorship and its impact on European services in China, he said, adding it would be on the agenda at an economic summit expected in November. "We are actively pursuing this with the Chinese authorities," he said. Recommend Send IM Story Print Related Articles Turkish stocks set fresh high, optimism on banks Reuters - 38 minutes ago Hershey beats, but keeps 2010 profit view Reuters - 45 minutes ago US-BUSINESS Summary Reuters - 45 minutes ago Strong earnings, housing data push Wall St higher Reuters - 46 minutes ago FOREX-Euro rises versus dollar as data lifts risk appetite Reuters - 47 minutes ago News Search Top Stories Storm threat may imperil BP battle to plug Gulf well US initial jobless claims rise more than expected Monaco's playboy prince sets wedding date Nokia continues to struggle in smartphone market Desmond Tutu, nearing 79, bows out of public life More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Parachuting donkey shocks Russian beachgoers Beatles piano up for sale: auction house Bernanke warns of 'uncertain' economic outlook Lindsay Lohan carted off to jail Obama signs historic finance reform bill More Most Viewed » Parachuting donkey shocks Russian beachgoers Paris Hilton caught with cannabis in handbag Germany's 'Octopus oracle' keeps perfect record More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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