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China Europe Trade Agreement

The EU is in favour of opening trade relations with China. However, the EU wants China to act fairly, respect intellectual property rights and meet its obligations as a member of the World Trade Organization (WTO). This is something that Beijing is willing to compromise on. The new agreement comes at an important time to symbolize confidence, content and progress in the development of trade negotiations, market access and investment between the two sides. The European Council and China`s diplomatic representation to the European Union announced on Monday the signing of a bilateral trade agreement on “geographic indications” between the two megamarkets, relating to the protection of intellectual property of products of particular geographical origin. The SSTL project was launched in 2006 as a pilot project between the European Union and China as the first Asian country. The participating Member States were then the Netherlands and the United Kingdom. From 2010 (when the second phase of the project was launched), other EU Member States joined the EU: Belgium, France, Germany, Italy, Poland and Spain. This project aims to test the security and security recommendations of the World Customs Organization`s standard framework for containers and to facilitate the exchange of customs data, risk management cooperation, mutual recognition of customs controls and trade partnership programmes. The 120 trade routes, which involve 200 economic operators between 16 seaports, will no doubt facilitate trade between China and participating EU countries, as the loading and unloading of containers will require less control and customs assistance. The strategy also includes a trade agenda that places a strong emphasis on improving market access opportunities, including negotiations for a comprehensive investment agreement. It also looks at overcapacity and calls on China to look at multilateral ambitions.

Relations are governed by the 1985 EU-China Trade and Cooperation Agreement. Since 2007, negotiations have been under way to enhance the agreement on a new European Union Association Agreement and there are already 24 sectoral dialogues and agreements ranging from environmental protection to education. [9] After the end of the Cold War, relations with Europe were not as high a priority for China as its relations with the United States, Japan and other Asian powers. However, interest in closer relations increased as economic contacts intensified and interest in a multipolar system grew. Although European leaders first imposed an arms embargo on China after Tiananmen (see “arms embargo below”), European leaders eased China`s isolation. The growth of the Chinese economy attracted the attention of many European visitors and, in return, Chinese businessmen began to visit Europe frequently. Europe`s interest in China led the EU to get involved in an unusual way with China in the 1990s and to trade at a high level. Trade between the EU and China grew faster than the Chinese economy itself, and tripled in ten years, from $14.3 billion in 1985 to $45.6 billion in 1994. [13] He thus allayed London`s concerns about the Harry Dunn extradition case and went to China at a press conference with his counterpart Dominic Raab, who had to deny to the media that Britain was not “heavily armed” through Huawei. This is done in the midst of discussions on a trade agreement between the two countries.

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