Ressort: Politik
EU and China trade agreement Beijing-Bruxelles, 18.01.2016 [ENA] This week in Beijing, the EU and China negotiators reached plain conclusions on an ambitious and comprehensive sphere of the upcoming EU-China investment agreement. It is a major step forward in the EU-China talks launched in November 2013 and a direct response to the political commitment made by European and Chinese leaders at the June 2015 EU-China Summit. The Agreement will provide for more liberalisation. It will provide a simpler and more secure legal framework to investors of both sides by securing foreseable long-term access to EU and Chinese markets respectively and providing for strong protection to investors and their investments. EU-China trade has increased dramatically in recent years. The deal between EU and China should improve market access opportunities for their investors by establishing a genuine right to invest and by guaranteeing that they will not discriminate against their respective companies. The EU and China are also determined to address key challenges of the regulatory environment, including those related to transparency, licensing and authorisation procedures. The agreement will also include rules on environmental and labour-related dimensions of foreign investment.
The European Union and China are two of the biggest traders in the world. China is now the EU's 2nd trading partner behind the United States and the EU is China's biggest trading partner. China is the EU's biggest source of imports by far, and has also become one of the EU's fastest growing export markets. The EU has also become China?s biggest source of imports. China and Europe now trade well over ?1 billion a day. EU imports from China are dominated by industrial and consumer goods: machinery and equipment, footwear and clothing, furniture and lamps, and toys. As a result, the EU records a significant trade deficit with China. Investment flows also show vast untapped potential, especially when taking into account the size of the respective economies. China accounts for just 2-3% of overall European investments abroad, whereas Chinese investments in Europe are rising, but from an even lower base.China is the second largest economy and now also the world's biggest trading nation. Anyway economic growth is projected to decline gradually to 6.2% by 2017. The announced infrastructure Redaktioneller Programmdienst: European News Agency Annette-Kolb-Str. 16 D-85055 Ingolstadt Telefon: +49 (0) 841-951. 99.660 Telefax: +49 (0) 841-951. 99.661 Email:
[email protected] Internet: european-news-agency.com
Haftungsausschluss: Der Herausgeber übernimmt keine Haftung für die Richtigkeit oder Vollständigkeit der veröffentlichten Meldung, sondern stellt lediglich den Speicherplatz für die Bereitstellung und den Zugriff auf Inhalte Dritter zur Verfügung. Für den Inhalt der Meldung ist der allein jeweilige Autor verantwortlich.
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stimulus measures will help overall investment, but adjustment in several heavy industries is set to continue and this stimulus is not sustainable in the longer term. Real estate investment is bottoming out, but working off housing inventories will take some more time. Consumption is set to remain robust. Food and services prices are rising, but the absence of price pressures in other areas will keep consumer price inflation low. Trade and investment are by no means zero-sum games, and it is possible for China and European Union to mutually benefit if closer economic relations among them are fostered. If China and European Union can interlock their economies through deeper integration in the long term, both would become more competitive as a region and would attract foreign investment into their integrated market. Bericht online lesen: http://www.european-news-agency.de/politik/_eu_and_china_trade_agreement-63497/
Redaktion und Verantwortlichkeit: V.i.S.d.P. und gem. § 6 MDStV: Dr. Carlo Marino
Redaktioneller Programmdienst: European News Agency Annette-Kolb-Str. 16 D-85055 Ingolstadt Telefon: +49 (0) 841-951. 99.660 Telefax: +49 (0) 841-951. 99.661 Email:
[email protected] Internet: european-news-agency.com
Haftungsausschluss: Der Herausgeber übernimmt keine Haftung für die Richtigkeit oder Vollständigkeit der veröffentlichten Meldung, sondern stellt lediglich den Speicherplatz für die Bereitstellung und den Zugriff auf Inhalte Dritter zur Verfügung. Für den Inhalt der Meldung ist der allein jeweilige Autor verantwortlich.
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