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The following article was published in our article directory on December 22, 2010.
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EU-China Economic and Trade Dialogue Made Positive Results

Article Category: Business

Author Name: xia zihui

Near the end of the year, China has strengthened the world's major economies, trade and economic dialogue. Following last week's meeting of China-US Joint Commission held in Washington after Dec. 21, the third high-level China-EU trade and economic dialogue in Beijing concluded. Reporters from the EU Delegation in the afternoon's media conference was held was informed that this dialogue has achieved positive results. It is noteworthy that the two sides agreed to speed up the signing in addition to bilateral investment agreements feasibility study process, agree that all products will be treated equally, regardless of where product patent registration, it also signed a "Strategic Framework for Customs Cooperation" and "knowledge of the customs Property Rights Action Plan "extension files. However, the dialogue fails to recognize the Chinese are most concerned about the status of market economy to achieve a breakthrough. That evening an exclusive interview to this reporter's Ministry of Commerce of China Academy of International Trade and Economic Cooperation Mei Xinyu, researcher commented, China-EU relations into a global context that need to survey and positioning, as long as the United States and Europe on the world economy also holds the high ground China and the EU's economic and political cooperation between the relations of strategic importance.

As economic and trade fields between China and the EU in the highest level of regular consultation mechanism, China-EU economic and trade high-level dialogue on the official launch in April 2008. It is reported that this dialogue by the Chinese Vice Premier Wang Qishan and EU Commission Vice-President and Co-Chair competition Joaquin Almunia, Economic and Monetary Affairs Commissioner Rehn, co-chaired by Trade Commissioner De Gute. Almunia told reporters that this dialogue wide range of issues, and achieved substantial results. "The EU and China has established economic and trade high-level dialogue was originally designed to provide strategic guidance and substantive results, and today we have achieved. We talked for a very wide range of economic and trade issues, including macroeconomic, regulatory, trade and investment, to avoid trade protection, international monetary reform, innovation, customs cooperation. "The two sides reiterated in the dialogue, to strengthen the G20 and other global economic governance platform for coordination and cooperation and jointly promote the Guoji 金融 rules and standards reform. Take concrete actions to oppose all forms of protectionism, trade remedy measures to be used with caution, the WTO Doha Round negotiations to promote comprehensive and balanced outcome.

About strengthening the importance of EU trade and economic relations, said Mei Xinyu, China's technology in the blockade of the West, the EU and Japan has always been a blockade on the Great Wall "crack" or weak link. In China to seek more reasonable, more in line with their interests in international economic rules, as a "marginal hegemony" in Europe and China have a more common language, which can be the attitude of both sides on the financial regulation glimpse. "At least since the 90s of last century from the United States and Britain on the highly leveraged hedge funds has been a liberalization of regulatory claims, while Europe and China are pushing to strengthen regulation. In the current round of the international financial crisis, international economic reconstruction process of a new financial order also the same. Therefore, the strategic importance of EU trade and economic relations. "

In this October 29 to 30 fall at the EU summit, EU leaders adopted a new economic governance reform program, and agreed to establish a new macroeconomic risk monitoring mechanism to avoid the debt crisis in the future of Greece. According to the European Commission Economic and Monetary Affairs Commissioner Rehn's introduction in China in this dialogue the EU is very interested in the crisis early warning mechanism. He added that the crisis early warning mechanism is a good foundation for the development crisis in the Group of 20 guiding principles to provide guidance warning.

Officials from the two sides in this dialogue, and at a news conference in a speech point of view, both sides expressed the desire to strengthen cooperation, strengthen cooperation to strengthen confidence. Wang Qishan said China-EU economic and trade cooperation is a new historical starting point, the two sides should seize speed up the transformation of economic development, the opportunity to adjust the economic structure, tap potential, work together to foster high-tech, new materials, environmental protection, aerospace and other cooperation highlights. Almunia said that economic co-operation of both the EU and the benefits are clear. EU will promote strong economic development as the core, from a strategic perspective to promote bilateral economic and trade relations, further strengthen cooperation with China's strategic partnership of cooperation to address global economic challenges.

Although the EU has become the consensus of both sides to strengthen cooperation, but Mei Xinyu, that since the two sides in the world economy after the crisis in the status of the emergence of new trends in Central Europe between the political and economic ties to reposition and adjust how the two sides should seriously consider.

As we all know, still deep "debt crisis" in the quagmire of the EU in the current round of global financial crisis hit is second only to the United States. However, since the EU decision-making mechanism over the existence of defects such as lack of efficiency of democracy, and its performance in terms of crisis response significantly inferior to the United States, not the pace of economic recovery, such as the United States. In contrast, in this unprecedented global financial crisis, China's economic status due to the lead out of the crisis increased significantly.

Statistics show that China is the EU's second largest export market, but also the EU's top five export markets in the fastest growing. Moreover, China also supports the European Union and the International Monetary Fund to take a package of measures for financial stability, and take practical action to help the EU deal with sovereign debt crises in some countries.

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