The European Union has begun a procedure to sue the United Kingdom for infringement in providing finances owed to the bloc over the import of Chinese products.
The EU’s budget chief Gunther Oettinger said on Monday that the European Commission, the executive arm of the EU, will send a ‘Reasoned Opinion’ to the UK as part of a formal procedure to protect the bloc’s finances from losses created by the UK’s fraudulent import of Chinese products.
The notice said that the fraud scheme resulted in losses to the EU budget amounting to €2.7 billion (plus interest and minus collection costs) during the period between November 2011 and October 2017.
EU officials say importers in Britain have managed to evade a large amount of customs duties related to the import of Chinese products into the bloc through the ports of Dover and Felixstowe over the past years.
OLAF, the EU’s anti-fraud body, said the China-led network used “fictitious and…