Eu China Trade Agreement


The EU and China are discussing trade and investment issues in a series of dialogues: the pre-meeting signs indicated that European leaders were dissatisfied with the Xinjiang “re-education camps” and the brutal repression of Uighur Muslims in Xinjiang, the national security law in Hong Kong and the repression of freedom, persistent trade imbalances and the lack of reciprocity. Of course, there are disagreements and disagreements, but there is also sobriety and realism. The EU remains convinced that it can defend its values and defend its values while maintaining a principle of commitment and cooperation with China, instead of pursuing the unfettered mantra of neo-cold and mcCarthyist politics. The EU is China`s largest trading partner[2] [3] and China is the EU`s second largest trading partner after the United States. Most of this trade is in industrial and industrial goods. Between 2009 and 2010, EU exports to China increased by 38% and Chinese exports to the EU by 31%. [2] The EU has trade agreements with these countries/regions, but both sides are now negotiating an update. As a result, the trade agreement between the EU and China and the companies of Pompeo in London show two very different geopolitical paths, one is reasonable, the other is suicidal. The EU commissioned studies to keep negotiators informed of the current trade picture, including: the talks were originally due to take place in Leipzig, but they were put online – supposedly because of the coronavirus, but most likely because of the failure of the 27 European nations to reach agreement on a coherent policy towards China. There is a dispute over textile imports into the EU (bra-wars) in which domestic European producers lose chinese imported products at a lower cost. The EU and China have finally reached an agreement to end the “textile conflict” that has poisoned their relations for several weeks. The two sides (the Chinese government on the one hand, the European Commission on the other) have finally reached an agreement that seems to put an end to the dispute between Beijing and Brussels. Under the agreement, China agreed in exchange for the release of 80 million items held at European ports, only half of which will be deducted from its 2006 export quotas.

[Citation required] In some circumstances, trade negotiations with a trading partner have been concluded, but have not yet been signed or ratified. This means that, although the negotiations are over, no part of the agreement is yet in force. The 27-country bloc is China`s largest trading partner, while the Chinese market is the second largest destination for EU goods and services after the United States. Yet economic relations between Brussels and Beijing are not well regulated. This is partly due to the fact that it has grown rapidly and exceeds their ability to legislate. But it is also because the most ambitious efforts of its kind – the Global Investment Agreement (IAC) – have not yet been successful. Nearly a decade has passed and, although some progress has been made, many tensions remain. Today, EU officials say the chances of reaching an agreement by the end of the year – a deadline that Agatha Kratz, associate director of the research consultancy group, has described as “futile” – are slim. European Commission President Ursula von der Leyen recently said after a high-level dialogue with Chinese President Xi Jinping: “China must convince us that it is worth having an investment agreement.” And the EU is preparing to put in place mechanisms to protect and limit foreign investment in Europe that would operate independently of the AIC.

Comments are closed.