Free Trade Agreement China Europe

9 Aralık 2020

Full agreement, exports to EU regions, fact sheets, aid to exporters The EU has concluded trade agreements with these countries/regions, but both sides are now negotiating an update. The European Union negotiates free trade agreements on behalf of all its member states, as EU member states have granted “exclusive jurisdiction” to conclude trade agreements. Nevertheless, the governments of the Member States control every step of the process (through the Council of the European Union, whose members are the national ministers of each national government). Since 2012, China has been trying to persuade the European Union to accept the adoption of bilateral free trade agreements. China lacks both Trans-Pacific Trade Agreements (TPP) and Transatlantic Trade Agreements (TTIP) and wants to pursue a similarly large “in” pact itself so as not to lose trade flows or to meet new “global” standards on the part of others. For their part, European companies want greater openness in China and a level playing field for domestic companies, especially state-owned enterprises. In March 2014, Brussels agreed that after the conclusion of an investment agreement between the EU and China, it would consider wider trade negotiations with Beijing. Negotiations on the investment contract began a few months earlier, in November 2013. Once completed, the ILO will replace the 26 existing ILOs signed by China over the years by EU member states. One study showed that eu trade agreements implemented during the 1993-2013 period “reduced quality-adjusted prices by almost 7%.” During an official visit to Brussels on Monday and Tuesday, Wang said the two partners should launch the feasibility study for a free trade agreement that could take “one to two years.” 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. As Europe and China make economic progress, the UK has managed to move away from these two huge markets and is left to the Trump administration. Given that the EU-China agreement defends the country of origin protocol, the White House is asking Britain to withdraw it in order to reduce its food standards and flood its agricultural markets with poor quality chicken.

Britain has adopted a dogmatic foreign policy, while Europe has pursued a pragmatic policy. The contrast couldn`t be greater. EU foreign ministers on Monday (March 18th) expressed their “full support” for the EU`s new position towards China, described as a “systemic rival” as the bloc seeks to rebalance its economic and trade relations with Beijing. In addition to trade and economic differences, human rights remain a bone of contention between the two sides. 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. Chinese Foreign Minister Wang Yi on Monday (December 16th) called for free trade negotiations with the EU to begin in parallel with ongoing negotiations on an investment agreement. “We need to have confidence in the outlook,” Wang said. He said the conclusion of trade negotiations between the US and China was “good news” for Europe, as more negotiators could spend time on EU-China talks.