Rimini, Italy (PRWEB) July 26, 2013
Ego International is an organization that facilitates the expansion of its client companies into new markets. As such, the company has become a highly regarded resource for organizations looking to add export business to their current revenue streams. But recent trade conflicts between the European Union (EU) and China have caught the attention of the company—and for good reason. According to an article published by The Guardian, "China has escalated a trade dispute with the European Union by announcing an anti-dumping investigation into EU wine exports, in the wake of Brussels' decision to slap tariffs on Chinese solar panels."
The article explains that the announcement of the investigation was made less than 24 hours after tariffs were put onto Chinese solar panels within the EU. These tariffs, currently at 11.8 percent and expected to rise to 47.6 percent, could greatly impact the relationship between the EU's solar power industry and Chinese manufacturers in a highly negative way. To retaliate, China's announcement focused on suspicions regarding winemaker subsidies. Because not all of the countries within the EU are major wine producers, this move could polarize members of the organization. The article explains: "The tit-for-tat action threatened to plunge Europe and China into a trade war, amid divisions between Europe's big powers over the row, with Germany effectively taking Beijing's side against its EU partners while France, the biggest backer of the solar tariffs, is incensed at the Chinese retaliation."
Ultimately, this trade war may lead to the reduction of international competition, as consumers within these regions will find their purchasing options shaped by tariffs, investigations, and other factors. The professionals at Ego believe that, while countries need to work to protect their local organizations, they should not put trade relations in danger because this is not in the best interest of their citizens from an economic perspective.
"Trade protectionism can be a viable option to protect local businesses, but we consider it necessary to avoid any closure to international competition—as is happening in the Chinese market—that could prove to be an extremely counterproductive strategy for companies that should have been the main advocates of 'protection,'" comments a representative from Ego International. "We hope that the relations between China and the EU can once again become peaceful for the sake of domestic enterprises and European consumers."
The professionals at Ego understand that the export industry associated with any country is highly important to its economic wellbeing and GDP, so it is crucial to the regions involved in this trade war that they are able to keep their exports as high as possible. As such, Ego International hopes that China and the EU can resolve their differences soon before major economic damage is wrought.
Ego International is an export consulting company that has become a leading partner for Italian organizations looking to create an international presence. The company connects buyers and suppliers while maintaining positive, long-term relationships with Italian manufacturers and other sellers that are looking to expand into new markets via export activity. The organization prides itself on offering the most cost-effective export methods by matching sellers and buyers around the world.