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China-Europe Geopolitics and Economics: News & Discussions

America has often criticized China, Germany and Japan for being too successful with our trade surpluses (the old America would weep at seeing this). Trump recently attacked these 3 countries, claiming all were manipulating their currency.

America took a turn away from the idea of free market competition, and become the most protectionist country in the world. And this was long before Trump. Trump is only reinforcing the trend that already existed.

Very well said, indeed. Historically, both Europe and the US are not alien to protectionism. In fact, as opposed to benign (and often failed) protectionisms of the underdeveloped world, European and US protectionisms manifested themselves in a very hostile form, in colonialism and imperialism.

For me, both forms of subjugation were tools for technical protectionism.

For example, in the 18th century, when textile manufacturing was developing in the UK, it demanded protection by the government against competition from India. The state put severe restrictions on textile imports from India, and eventually, silk and calicoes from India, China and Persia were entirely banned by law.

Aside from protectionism, by exporting cheap domestic manufacturers on massive scale (dumping), the UK drove the entire Indian textile industry into bankruptcy.

Interesting thing is that British manufacturers were protected from their own compatriots in the East India Company. Hence, the importance of national elites and domestic business. There was hardly any protestant ethics, any natural superiority.

The same goes for other Western countries. UK was the largest manufacturing nation until the end of the 1800s; from the second half the 19th century, countries such as Germany, France and US, not wanting to be economic colonies to Britain, all started to stimulate national industrial development through strong government protection.

China's experience was not different from the Indian experience; and perhaps a much bitter one. There is every reason to call the Opium Wars as the Textile Wars. It is obvious that, just as it was the case in the 19th century, it is still the case today that the enhanced role of the state in economy is a must for developing nations on account of external factors such as heavy competition, technological advances, intellectual property rights etc.

Just as it was impossible for the US to develop on equal basis with UK, hence it went protectionist (same with US energy companies in the 1930s, which were outcompeted by the British and French which had deeper penetration in the Middle Eastern oil), it is still impossible for China to maintain its nascent industries without a type of mercantilist selective protection.

Historically (and if applicable, morally) developed countries in the West need to absorb the developing countries' initial protectionism. It is indeed historical anomaly that an essentially protectionist country like the US (and EU in the case of calling China not market economy) would resort to further protectionism while calling for developing countries like China to stop state-regulated economic management.

I do hope China's leadership won't be blinded by arbitrary and untimely concepts such as trade liberalism and laissez faire.
 
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China coherently backs European integration: FM
Source: Xinhua | 2017-02-19 03:23:58 | Editor: huaxia

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Chinese Foreign Minister Wang Yi (R) meets with his French counterpart Jean-Marc Ayrault on the sidelines of the 53rd Munich Security Conference in Munich, Germany on Feb. 18, 2017. (Xinhua/Luo Huanhuan)

MUNICH, Germany, Feb. 18 (Xinhua) -- China has been consistently supporting the European integration and is willing to work with the European side for the world's peace and development, top Chinese diplomat said Saturday.

Chinese Foreign Minister Wang Yi made the remarks in meeting with his French counterpart Jean-Marc Ayrault on the sidelines of the 53rd Munich Security Conference.

Wang began the talk by expressing his appreciation over Ayrault's support to the one-China principle, saying the Sino-French ties have maintained a good momentum of development.

Wang said the upcoming official visit of French Prime Minister Bernard Cazeneuve to China, the first high-level exchange between the two sides this year, testifies to close relations between the two nations.

Cazeneuve's visit, Wang said, will help send a positive signal to the international community about enhanced strategic communication and coordination between the two countries, and between China and Europe, against the backdrop of the current international situation.

For his part, Ayrault said maintaining high-level visits between the two sides and strengthening the strategic dialogue have practical significance.

As permanent members of the UN Security Council, France and China should jointly safeguard multilateralism, Ayrault said.

Ayrault also hailed positive results achieved during the G20 Hangzhou Summit last year and expected both sides to enhance cooperation within the framework of the G20.

The two foreign ministers also exchanged views on issues of common concerns, such as the situation in Europe.

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China, France sign deals on nuclear energy, science
TECH & SCI
By Gong Zhe
2017-02-22 08:39:58

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China and France on Tuesday signed agreements on nuclear energy and science during French Prime Minister Bernard Cazeneuve's Beijing visit.

Li said he hoped that the two sides would ensure the smooth implementation of the Hinkley Point C nuclear power plant program in the UK and discuss joint development of the third-party nuclear power market.

Li suggested the two sides explore cooperation in civil aviation and space industries, deepen cooperation in coping with climate change and speed up the eco-city project in Wuhan, in central China's Hubei Province.

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Chinese Premier Li Keqiang (R) shakes hands with French Prime Minister Bernard Cazeneuve in Beijing, capital of China, Feburary 21, 2017. /Xinhua Photo

For his part, Cazeneuve praised the fruitful cooperation with China in the civilian nuclear energy sector, adding that bilateral cooperation in agriculture and environmental protection was exemplary.

France is ready to work with China to enhance cooperation in such areas of politics, economic and trade, investment, science, agriculture, nuclear energy, environmental protection and education, he said.

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Chinese Premier Li Keqiang holds talks with French Prime Minister Bernard Cazeneuve in Beijing, capital of China, Feburary 21, 2017. /Xinhua Photo

Jointly meeting the press with Cazeneuve, Li reaffirmed that China upholds the principle of openness, inclusiveness and win-win cooperation, opposes all kinds of protectionism, and safeguards an open international trade system as well as the multilateral framework.

Cazeneuve said France is ready to work with China to oppose trade protectionism and promote the development and prosperity of the two countries.

Cazeneuve is paying an official visit to China on February 21-23. Besides Beijing, Cazeneuve will also visit Wuhan.

(Source: Xinhua‍)

https://news.cgtn.com/news/3d45444f78596a4d/share_p.html?t=1487723998921&winzoom=1
 
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Chinese, Italian leaders pledge mutual support in multilateral blocs

Presidents Xi Jinping, Sergio Matterella also vow to boost cooperation on ‘One Belt, One Road’ initiative during visit to Beijing by Italian business delegation

PUBLISHED : Wednesday, 22 February, 2017, 10:24pm
UPDATED : Wednesday, 22 February, 2017, 11:24pm

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China and Italy will strengthen their cooperation in multilateral bodies, their leaders agreed during a meeting between Chinese President Xi Jinping and his Italian counterpart Sergio Matterella on Wednesday.

Xi also expressed his support for the continuation of the European Union at a time when the bloc is threatened by a rise in isolationism.

The two leaders witnessed the signing of 13 cooperation agreements, which covered technology and innovation, medical science, cultural exchanges, aerospace, electronics and energy.

Matterella led a business delegation on his first visit to China since taking office in 2015, and said he aimed to strengthen the strategic partnership between the countries during the trip.

Italy's new president, Sergio Mattarella: a quiet man marked by tragedy

China would work closely with Italy in multilateral blocs such as the Group of 20 and the United Nations, Xi said.

Materella’s visit as there is growing uncertainty over a flurry of upcoming elections in Europe, set against the backdrop of an upsurge in populist political parties.

France, Germany, and the Netherlands will hold elections this year.

Those election results will be closely watched by the international community, especially after last year saw the United Kingdom’s decision in a referendum to leave the EU, and Donald Trump’s victory in the US presidential election.

Ties between China and Italy were tested when the Dalai Lama paid a visit to Milan in October, during which he was made an honorary Milanese citizen.

However, there seemed no awkwardness between the countries’ leaders when they met.

Chen Xu, a senior official in charge of European affairs with China’s foreign ministry, said Xi and Materella “exchanged views in great detail about the situation in Europe and the world situation”.

The countries agreed to boost cooperation under China’s “One Belt, One Road” initiative, Chen said.

Personal links is the key to success of one belt, one road initiative

He added that there was ongoing discussion over the possibility of the Italian leader attending the Silk Road summit in Beijing in May.

Ahead of Matterella’s visit, Licia Mattioli, vice president of Italy’s top business association Confindustria, said in an interview with Italy 24, an Italian website, that cooperation over the new Silk Road was set to be one of the major topics to be discussed by business leaders from both countries.

The Italian president will meet with Chinese Premier Li Keqiang on Thursday. The Italian delegation will then travel to Shanghai, Chongqing and Xian before returning to Rome on Sunday.

Matterella is the third Italian president to visit China. The last visit by a Italian President was by Giorgio Napolitano in 2010.


This article appeared in the South China Morning Post print edition as:
Xi, Mattarella pledge to strengthen partnership

http://www.scmp.com/news/china/dipl...chinese-italian-leaders-pledge-mutual-support
 
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China to synergize development strategies with Italy
(Xinhua) 08:01, February 24, 2017

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Chinese Premier Li Keqiang (R) meets with Italian President Sergio Mattarella in Beijing, capital of China, Feb. 23, 2017. (Xinhua/Xie Huanchi)


BEIJING, Feb. 23 (Xinhua) -- China is willing to synergize development strategies with Italy to promote a balanced growth of trade and investment, Premier Li Keqiang said here Thursday.

Li's remarks came as he met with Italian President Sergio Mattarella at the Great Hall of the People in Beijing.

Li called on both countries to make mid- and long-term development plans, enhance exchanges of innovation policies as well as cooperation on research and development.

He also suggested both countries explore cooperation in third markets and expand the number of overseas students and interns.

China hopes Italy can be an active role in ensuring the EU fulfills its obligations under the Protocol on China's Accession to the World Trade Organization (WTO), Li said.

Mattarella, who is on a state visit to China from Tuesday to Sunday, said Italy and China share a broad consensus and enjoy great potential for cooperation.

Italy is ready to work with China to enhance high-level exchanges, make new economic cooperation action plan and explore cooperation in areas of infrastructure construction, science and technology, environmental protection, innovation and increase bilateral trade and investment.

He said he hopes the bilateral ties can reach a new level around 2020 when Italy and China will celebrate 50th anniversary of diplomatic ties.

Italy is willing to play an active role in EU-China relations, he added.

During the talks between Chinese President Xi Jinping and Mattarella on Wednesday, the two agreed to develop China-Italy ties from a strategic and long-term perspective and advance the relationship to a higher level.

The two also witnessed the signing of cooperation documents in culture, science, education, health, trade and innovation.

Also on Thursday, top Chinese legislator Zhang Dejiang met with Mattarella.

Zhang, chairman of the Standing Committee of the National People's Congress, said the top priority for both countries' legislative bodies is to implement the consensus reached by the two presidents.

Mattarella said Italy supports cooperation between the two legislative bodies and would like to actively participate in the Belt and Road development.

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China overtakes US, France as Germany's most important trading partner
(China Daily) 10:43, February 24, 2017

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Chinese President Xi Jinping (R) shakes hand with German Chancellor Angela Merkel (L)
before their meeting at the West Lake State House on the sidelines of the G20 Summit,
in Hangzhou, Zhejiang province, China, September 5, 2016. [Photo/Agencies]


BERLIN — China for the first time became Germany's most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday.

German imports from and exports to China rose to 170 billion euros ($180 billion) last year, Federal Statistics Office figures reviewed by Reuters showed.

The development is likely to be welcomed by the German government, which has made it a goal to safeguard global free trade after US President Donald Trump threatened to impose tariffs on imports and his top adviser on trade accused Germany of exploiting a weak euro to boost exports.

German Vice Chancellor Sigmar Gabriel has even suggested that the European Union should refocus its economic policy toward Asia, should the Trump administration pursue protectionism.

"Given the protectionist plans of the new US president one would expect that the trade ties between Germany and China will be further strengthened," Germany's BGA trade association said in response to the shift.

Neighoring France remained the second-most important business partner with a combined trade volume of 167 billion euros. The United States came in third with 165 billion euros.

In 2015, the United States became the top trading partner for Germany, overtaking France for the first time since 1961 thanks to an upturn in the US economy and a weaker euro.

Looking at exports alone, the United States remained the biggest client for products "Made in Germany" in 2016, importing goods from Europe's biggest economy worth some 107 billion euros.

France remained the second-most important single export destination for German goods with a sum of 101 billion euros, the data showed. Britain came in third, importing German goods worth 86 billion euros.

Britain accounted also for the biggest bi-lateral trade surplus: Exports surpassed imports from Britain by more than 50 billion euros, the figures showed.

The United States came in second with a bi-lateral trade deficit: German exports to the US surpassed imports from there by 49 billion euros.

This means that Britain and the US together accounted for roughly 40 percent of Germany's record trade surplus of 252.9 billion euros in 2016.

The figures are likely to fuel the debate about Germany's export performance, its trade surplus and global economic imbalances ahead of a meeting of G20 finance ministers and central bank governors in Baden-Baden mid-March.

($1 = 0.9483 euros)
 
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"Given the protectionist plans of the new US president one would expect that the trade ties between Germany and China will be further strengthened," Germany's BGA trade association said in response to the shift.

Fantastic. :enjoy:

Germany and France are the key powers in Europe now after Brexit.

The EU has been China's largest trading partner for a long time now. We should strengthen trade ties as a matter of priority.
 
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Fantastic. :enjoy:

Germany and France are the key powers in Europe now after Brexit.

The EU has been China's largest trading partner for a long time now. We should strengthen trade ties as a matter of priority.

I think creating strong trade linkages with Europe that would eventually be viewed as an alternative and even substitute for the over-securitized Atlanticist framework should be China's one of long terms strategic goals.

The OBOR is a perfect tool to operationalize such a strategy. In fact, China's immense efforts over the past two years to construct physical trade links with Europe gives a clue about the nation's strategic direction.

This four years could be vital to further weaken the Atlanticist regime as Trump (and Brexit) creates deep suspicions in traditional Europe.

Make murico great again unpresidentedly

What is truly unpresidented is Trump himself (and his government). But we must enjoy the show while it continues. Give Trump more time to divide and rule (the US).
 
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China and France to offer reciprocity for driver's licenses
(People's Daily Online) 16:20, February 22, 2017

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(file photo)

China's Ministry of Public Security (MPS) and France's Ministry of the Interior signed a reciprocity agreement in Beijing on Feb. 21 to make official the mutual recognition of each country's driver's licenses.

According to the agreement, Chinese and French driver's licenses will be automatically recognized as valid in France and China respectively for those who stay in the country for less than one year. Holders of Chinese licenses in France can legally drive as long as they hold a valid Chinese driver's license and a translated version. Holders of valid French driver's licenses in China can apply for temporary driving approval, which exempts them from the physical examination and test otherwise required for a license.

Drivers are still required to drive only the approved type of motor vehicle clearly stated on their licenses. The types include medium passage cars, large freight cars, small cars and motorcycles.

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(file photo)

For those living abroad for more than one year, there is an option to apply for a new driver's license without sitting for examinations by presenting documents including one's passport, visa or residential documents.  

Both sides offer preferential policies for diplomats and international students. Chinese diplomats and students in France can drive a corresponding type of vehicles with a valid Chinese driver's license and its translated version throughout their stay. French diplomats and students with French drivers' licenses in China can apply for a Chinese license without taking any exams.

An official from traffic management bureau under the MPS stated that the reciprocity agreement will go into effect 90 days after both parties sign the agreement and complete domestic legal procedures.

The new measure is an important indicator of deepening public security reform in China. Previously, China has created reciprocity with Belgium and the United Arab Emirates. China is now actively seeking to cooperate with more countries to benefit the lives of all expatriates.
 
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China becomes Germany's largest trading partner
By Sun Wenyu (People's Daily Online) March 14, 2017
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A Chinese container ship at the port of Hamburg.

The latest data from the Federal Statistical Office of Germany shows that the trade volume between China and Germany in 2016 reached 170 billion euros, hitting a historical high in the record of bilateral trade between the two countries. China has for the first time surpassed the U.S. and France to become Germany's largest trading partner.

The growing trade volume between China and Germany is a sign of strong economic cooperation--especially notable given the current global economic slowdown, as well as the trends of anti-globalization and protectionism.

Germany has made great gains in its exports over the last year, with a favorable balance of trade settled at 252.9 billion euros. The country has maintained a healthy development of trade with other nations in the European Union, while its exports to countries outside the region have shrunk due to the sluggish global economy and regional political instability.

However, China has become a notable exception to that trend. Bilateral trade between China and Germany grew 4.1 percent to 169.87 billion euros in 2016. In addition, the percentage of bilateral trade between the two countries in Germany's total trade volume increased from 7.5 percent in 2015 to the current 7.9 percent. Germany's exports to China also increased by 6.8 percent to 76.1 billion euros.

Hao Jianfei, a representative of Germany Trade and Invest (GTAI) in Hong Kong, attributed the growing trade volume to two factors. First, German products have long enjoyed a good reputation in China due to their quality and innovation. Second, German customers are inclined to buy high-tech products from China as a result of the latter's economic globalization. Hao pointed out that bilateral trade between the nations will likely grow as China's economic transition and development progress.

China-Germany trade has experienced rapid development since China's entrance to the WTO. China's economic transition toward sustainability, as well as a consumption- and innovation-driven growth pattern, means huge opportunity for German enterprises, Germany's Federal Foreign Office previously said in a statement.

Hao believes that Germany and China are both beneficiaries of free trade. Enhancing trade and investment in an equal business environment will create more jobs for the two countries, bringing new opportunities to small and medium sized enterprises especially, he stressed.

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One step at a time. Undermine the aggressive hegemon. The US has just become a bit less important and relevant for global trade.
 
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China now Germany's largest trading partner

10 March 2017
Posted by: IOE&IT News

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Data on Germany's total exports and imports indicate that China unseated the US as its largest trading partner last year. France also overtook the United States, moving into second and third place respectively.

German imports from and exports to China rose to 170 billion euros ($180 billion) last year. See the full report here.

Germany_s_Top_Trade_Partners_2016.jpg


The shift in rankings is primarily due to the level of Chinese exports to Germany, but German exports to China have also been increasing. Germany could soon export more to China than to its neighbour France - it already exports more to China than it does to Italy.

Whilst the US remains Germany’s top export destination, this is a position that might not last for long if the US president follows through on his threats. Last month, President Trump singled out BMW and said he would consider imposing punitive tariffs on the carmaker if it went ahead with plans to build some of the cars it sold in the US in Mexico. His top adviser on trade has also accused Germany of exploiting a weak euro to boost exports.


At the same time, Chinese president Xi Jinping detailed Beijing’s desire to “guide” the global economy, saying: “We should guide the international community to jointly build a more just and reasonable new world order."

In response to the shift, Germany's BGA trade association said: "Given the protectionist plans of the new US president one would expect that the trade ties between Germany and China will be further strengthened."

https://www.export.org.uk/news/334787/China-now-Germanys-largest-trading-partner.htm
 
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Whilst the US remains Germany’s top export destination, this is a position that might not last for long if the US president follows through on his threats. Last month, President Trump singled out BMW and said he would consider imposing punitive tariffs on the carmaker if it went ahead with plans to build some of the cars it sold in the US in Mexico.

Threats won't cut a deal. What matters is market opportunities. It is highly likely that BMW's Mexico workers are already more qualified to do the work and streamlined into the production well.

Under threats, BMW would make some publicity stunts, but, in the end, economic rationality would prevail. BMW would recover its loss in the form of tax breaks, free-land allocations as well as price increase.
 
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https://www.bloomberg.com/politics/...d-up-for-free-trade-before-trump-merkel-talks
Germany, China Stand Up for Free Trade Before Trump-Merkel Talks

Patrick Donahue
Thu Mar 16 2017 23:11:28 GMT+0800 (中国标准时间)
  • Merkel, Xi pledge cooperation to keep global markets open
  • Trade on agenda for Merkel’s first White House visit to Trump
Germany and China vowed to defend open global markets, a day before German Chancellor Angela Merkel plans to meet President Donald Trump in Washington to discuss concern about a U.S. shift toward protectionism.

In a phone call on Thursday, Merkel and Chinese President Xi Jinping “reaffirmed their common support for free trade and open markets” and “agreed to continue their trusting cooperation,” the German government said in a statement.

Timed just hours before Merkel’s departure to Washington for her first meeting with Trump, the call between leaders of the world’s No. 1 and No. 3 exporters underscores a partnership that’s gained significance since the U.S. election. Trump has scrapped a trade pact with Pacific nations, while Merkel’s top lieutenant in the German parliament, Volker Kauder, has warned that Europe may retaliate against any new U.S. import tariffs.

Merkel, who is running for a fourth term in Germany’s election in September, plans to explain her view of the mutual advantages of free trade during her talks with Trump on Friday, according to German officials. Her first attempt on Monday was scrapped because of a snowstorm on the U.S. eastern seaboard.

While House Republicans have proposed the border-adjustment tax, Trump has still to explicitly endorse the idea as part of his plan to put America first and boost domestic production. U.S. Treasury Secretary Steven Mnuchin is said to plan to use his debut at Group of 20 talks starting on Friday in Baden-Baden, Germany, to insist that the U.S. won’t tolerate countries that use currency devaluation to gain an edge in trade.

‘Dark Room’
As the Trump administration vows to upend international trade accords, including pulling out of the North American Free Trade Agreement, Merkel’s government has redoubled its support for multilateral trade arrangements.

Merkel spoke about trade cooperation with Chinese Prime Minister Li Keqiang in January, six days after Trump’s inauguration, while Xi rebutted Trump’s anti-trade stance at the World Economic Forum in Davos, Switzerland.

“Pursuing protectionism is like locking yourself in a dark room,” Xi said, in comments later quoted approvingly by Merkel.
 
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EU should grant China Market Economy Status
By Rabi Sankar Bosu
China.org.cn, June 18, 2017

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Chinese Premier Li Keqiang (C), European Council President Donald Tusk (L) and European Commission President Jean-Claude Juncker co-chair the 19th China-EU leaders' meeting in Brussels, Belgium, June 2, 2017. [Photo/Xinhua]

Although Chinese Premier Li Keqiang's trip to Germany and Belgium from May 31 to June 2 aided China's diplomatic relations with the two countries, the 19th China-EU leaders' meeting from June 1 to 2 in Brussels ended without a joint consensus about granting Market Economy Status (MES) to China in the World Trade Organization (WTO).

During his meeting with German Chancellor Angela Merkel, German President Frank-Walter Steinmeier, Belgian Prime Minister Charles Michel, European Council President Donald Tusk and European Commission President Jean-Claude Juncker, Li persuaded European leaders to accord the status of "Market Economy" to China and relax their actions regarding the dumping of Chinese goods.

In his keynote speech at the 19th China-EU leaders' meeting, Premier Li Keqiang urged the European Union (EU) to fulfill its obligations under Article 15 of the protocol on China's accession to the WTO, so as to pave the way towards a stable development of China-EU relations. He stressed that Article 15 is a sunset provision and that all sides should act in line with WTO rules.

China became the 143rd member of the WTO on December 11, 2001, after 15 years of arduous and prolonged negotiations. Over the past 15 years, China has made great contributions to the WTO's multilateral trading system as well as to global economic growth.

Since joining the WTO, China has strictly adhered to WTO rules by gradually reducing tariff levels. China has also actively assumed its responsibilities as a major developing trading nation, cutting its overall tariff rate from 15.3 percent to 9.8 percent. It has long been an advocate of free trade, as evidenced by the fact that it has to date signed 14 free trade agreements with 22 countries.

According to Article 15, WTO members should have stopped using the surrogate country approach to conduct anti-dumping investigations on China by December 11, 2016. Under the surrogate country approach, WTO members use costs of production in a third country to calculate the value of products from countries on its "non-market economy" list, which includes China.

China should receive Market Economy Status, which would allow it to enjoy the same market status as the United States and the European Union when it comes to anti-dumping investigations in the WTO. Since the WTO's establishment in 1995, EU members have launched 1,149 trade investigations into China.

In a biased, myopic move, the EU continues to deny Market Economy Status to China on the basis that China is not yet a proper free market. European companies complain that they cannot easily penetrate the Chinese marketplace. Europe does not want to let relatively cheaper Chinese goods flood European markets at a higher rate for fear of undermining local economies. The excuses put forward by the EU are discriminatory.

The EU's censure of China as being accountable for the steel glut in the 28-country bloc is untenable. China's steel exports to the EU are small compared to other countries. China's low value-added steel products are complementary to the EU's steel market portfolio. Without exports from China, the EU would still have to turn to other countries to import similar products. That will not stem job losses in the EU.

China's leadership in boosting regional and global economies through programs such as the "Belt and Road" initiative was supported by WTO reviewers during the sixth round of the Trade Policy Review (TPR) of WTO in Geneva last July.

However, during the meeting with Premier Li Keqiang, Chancellor Angela Merkel confirmed that the EU will offer equal treatment to Chinese enterprises under the protocol on China's accession to the WTO. Belgian Prime Minister Charles Michel said that his country is ready to play an active part to push the EU to fulfill its WTO obligations. But a majority of the EU members has failed to reach a consensus on accepting China's Market Economy Status.

It should be noted that over 80 countries, including Russia, New Zealand, Singapore and Australia, have recognized China's status as a market economy.

In fact, China's "non-market" label has become a wild card to the EU and the U.S. to contain China's exports and shield local industries, which is unfair. As the world's second largest economy and the largest trade partner for more than 130 countries, China has become a bedrock for protecting global free trade.

The EU and U.S. should not continue to look at China through colored glasses. As an important member of the WTO, the EU should designate China as a market economy if it can truly see the bigger picture of EU-China trade, especially at a time when the Trump administration has stepped back from America's traditional role of dominance on trade and development.

Rabi Sankar Bosu, Secretary of New Horizon Radio Listeners' Club, West Bengal, India.

Opinion articles reflect the views of their authors only, not necessarily those of China.org.cn.
 
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