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The following article was published in our article directory on December 20, 2010.
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The Third China-EU Economic and Trade High-level Dialogue

Article Category: Business

Author Name: xia zihui

The third China-EU economic and trade high-level dialogue on December 20 to 21 in Beijing. This is the end of the "Lisbon Treaty" after the commencement of the relevant EU held its first meeting.

The dialogue will cover topics macroeconomic challenges facing the world, competition, trade, investment, innovation and customs cooperation, and other issues.

Chinese Vice Premier Wang Qishan on behalf of the European Commission Vice-President and competition Joaquin Almunia, Economic and Monetary Affairs Committee and the Trade Commissioner Rehn De Gucht will co-chair the dialogue. Meantime, EU Taxation and Customs Alliance, audit and fraud commissioner Xie Meida The European Commission DG Enterprises and Industry Director General Robert Zoellick The European Commission DG Information Society will in the future Deputy Director to Beijing to attend the dialogue.

"Europe and China is mutually beneficial global partnerships. The development of bilateral economic and trade relations and mutually beneficial for both parties the best chance the people of Europe in full compliance with the interests of both. EU and China face the global challenges must be something, such as the present macroeconomic imbalances, the development of trade flows, access to raw materials and worldwide to improve the energy efficiency requirements, and so, "Almunia said.

At present, the global economy recovers, the EU economic and trade relations have maintained good momentum, expanding trade. In 2010, China is the world's largest exporter, GDP ranks second in the world, global merchandise trade accounted for 11% of the total merchandise trade. China-EU bilateral trade volume from 40 billion euros in 1978 to grow to 296 billion euros in 2009. EU continues to be China's main export market in 2009, EU imports from China worth 215 billion euros of goods. EU trade and economic relations have become the world's most important bilateral economic and trade relations.

At the same time, the investment activities of the two sides also shows untapped potential. In 2009, European companies invested 5.3 billion euros in China. In the same year, China invested 300 million euros in Europe. Each of the parties is less than the amount of foreign direct investment of 3% and 1%.

According to December 3, 2007 released "Tenth China-EU Summit Joint Statement," China and the EU agreed to the establishment of the State Council and the European Commission Vice-premier level high-level EU economic and trade dialogue mechanism to discuss China-EU trade, investment and economic cooperation strategy and coordinate their projects and focus areas in research and development planning. According to the arrangement reached Central Europe, the dialogue is held every year hosted in turn two.

EU economic and trade high-level dialogue for the first time in April 2008 was launched in Beijing; 2009, the second dialogue in the financial crisis hit the backdrop, held at the EU headquarters in Brussels, the two sides around the "time of crisis to promote business opportunities, through trade and investment liberalization to stimulate economic revitalization, "the theme of the trade and investment, SME cooperation, sustainable development of the seven issues in depth.

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