Eu China Trade Agreements

April 9, 2021 10:23 am Published by Leave your thoughts

The EU has commissioned studies to keep negotiators informed of the current trade picture, including: published in November 2020 and before that, with the preface of DG Commerce, Sabine Weyand (other languages), the fourth EU implementation report (other languages) of the FTA gives an overview of the successes achieved in 2019 and the remarkable work for the 36 main EU preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners. Germany has a very strong focus on the investment contract with China. This will be part of Merkel`s political legacy and will serve as the basis for a free trade agreement in the future. This point seems very distant indeed. 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. 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. 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 agreement, described by the EU Council as the “first major bilateral trade agreement between the EU and China”, imposes the protection of the rights of 100 EU food products on the Chinese market (such as European wine and cheese), reserving the same guarantee for 100 China-related products in Europe. In 2016, bilateral merchandise trade between the EU and China amounted to EUR 514.8 billion.

[25] Machinery and vehicles dominate both exports and imports. China`s top five exports are computers, radios, telephones, office machine parts and integrated circuits. China Top Five imports are crude oil, integrated circuits, iron ore, gold and cars. With regard to imports into the AMA/NAMA product group UNION, the share for manufactured goods amounted to EUR 343.725 million and represents an impressive 98.1% (out of a total of EUR 350.535 million). The same is true for exports to China, where manufactured goods hold the highest ranking on the list and account for 159.620 million euros (93.7% of total export volume). 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] The EU has trade agreements with these countries/regions, but both sides are now negotiating an update. In doing so, he dispelled London`s concerns over the Harry Dunn extradition case and went into the airs for a press conference with his counterpart Dominic Raab in China, who had to deny to the media that Britain was not “heavily armed” via Huawei.

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