China Free Trade Agreement With Eu
“We need to have confidence in the prospects,” Wang added. He said the conclusion of the US-China trade talks was “good news” for Europe, as more negotiators could spend time on talks between the EU and China. In 2016, the EU adopted a new strategy vis-à-vis China, which defines the European Union`s relations with China for the next five years. The strategy promotes reciprocity, a level playing field and fair competition in all areas of cooperation. The EU is working with China to reform the World Trade Organisation, one of the main priorities for Europeans, to defend the multilateral system amid the customs dispute over US President Donald Trump. While Europe and China are making economic progress, the UK has managed to move away from these two huge markets and is committed to the Trump administration. While the EU-China deal defends the home country protocol, the White House is asking Britain to remove it in order to reduce its food standards and flood its agricultural markets with low-quality chicken. Britain has pursued a dogmatic foreign policy, while Europe has adopted a pragmatic policy. The contrast couldn`t be greater.
The EU`s High Representative for Foreign Affairs and Security Policy, Josep Borrell, gave his opinion on how to handle the protests in Hong Kong and the situation of the U-Muslim minority in China during a meeting with Wang on Sunday in Madrid. In 2013, the EU and China started negotiations for an investment agreement. The aim is to provide investors on both sides with predictable long-term access to the EU and China markets and to protect investors and their investments. This CEPS book contains a first economic and regulatory analysis of a possible free trade area (FTA) between the EU and China, the design of which aims to be “deep and exhaustive”. It provides an overview of the global economic environment in which eu-China economic relations have developed in recent years, including the global value chains linking the two economies. This study shows that the “Silk Road of tomorrow”, in the form of a free trade agreement between the EU and China, could do a lot, especially when it comes to a “deep and comprehensive” agreement. Good for China and good for the EU. The European Council and China`s diplomatic representation to the European Union announced on Monday that a bilateral trade agreement on “geographical indications” had been signed between the two megamarkets, concerning the protection of intellectual property of products of specific geographical origin. There are of course disagreements and differences, but there is also caution and realism. The EU remains convinced that it can defend and guarantee its values, while maintaining a principle of engagement and cooperation with China, instead of pursuing the mantra of the neo-Cold War and mcCarthy policy.
The EU and China discuss trade and investment policies and issues in various dialogues: on the other hand, the UK is excluded. It has burned its relations with Brussels and Beijing in a very short time, which account for more than 40% of the world economy. Chinese Foreign Minister Wang Yi on Monday (December 16th) called for the opening of free trade negotiations with the EU in parallel with the ongoing negotiations on an investment agreement. But the EU is also increasingly wary of China`s technology ambitions and unbalanced trade and economic relations with member states. Negotiated agreement, meetings, fact sheets, cycle reports Since 2012, China has been trying to get the European Union to conclude bilateral free trade agreements. China is absent from the Trans-Pacific (TPP) and Transatlantic Trade Agreement (TTIP) and wants to “respect” itself a pact of similar size so as not to lose trade flows or have to respect new “global” standards of others. For their part, European companies want greater openness to China and a fairer playing field for domestic companies, especially state-owned enterprises. .