Home » Business » The Netherlands has abandoned anti-Chinese sanctions on the American model

The Netherlands has abandoned anti-Chinese sanctions on the American model

The United States should not expect the Netherlands to unconditionally accept the US model of export restrictions on China, Foreign Trade Minister Liesje Schreinemacher said.

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“The Netherlands will not copy American measures one by one. We will make our own assessment and we will do so in consultation with partner countries such as Japan and the United States.”– leads Bloomberg words of Mrs. Schreinemacher. The administration of the American president is trying to conclude a multilateral agreement to impose restrictions on China, trying to prevent the transfer of advanced electronic technology to the country in general and its armed forces in particular. But for the first time the Dutch authorities have publicly expressed their position on this issue.

The statement by the European official reveals the serious problems the United States is facing in trying to convince its allies to join the anti-China campaign. The Netherlands and Japan broadly share Washington’s concerns about security issues, but at the same time continue to see China as an important market they don’t want to lose. And the position of the Netherlands carries a lot of weight, because here is ASML Holding NV, the largest player in the semiconductor manufacturing equipment market. The company has already been banned from selling deep ultraviolet lithography scanners to China, but can still supply less sophisticated equipment. Ms Schreinemacher noted that the Netherlands is likely to impose export controls on Beijing itself – the authorities just need time to decide on new rules.

In early October, the US presidential administration announced new sanctions against China, which shocked the entire semiconductor industry. American manufacturers declaredwaiting for billions of dollars in revenue cuts. A US delegation, led by Deputy Commerce Secretary for Industry and Security Alan Estevez, is expected to arrive in the Netherlands later this month – overseas politicians want to discuss export control measures, but there are doubts that the final decision will be taken following the results of the first round of negotiations. Meanwhile, at the G20 summit, Chinese President Xi Jinping urged Dutch Prime Minister Mark Rutte not to harm the global market.






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