Trade and Transparency: China Looks to Boost EU Imports, Urges Eased Hi-Tech Export Restrictions
China Seeking Expanded Trade Relations with the European Union
China’s Premier Li Qiang recently expressed his country’s interest in importing more products from the European Union (EU), aligning with market demand. During a meeting with European Commission President Ursula von der Leyen in Davos, Li also urged the EU to ease hi-tech export restrictions imposed on China. Amid mounting trade disputes between China and Brussels, Li emphasized the need for more balanced development in bilateral trade while highlighting the stability of China-EU ties. Both sides seek to implement agreements made during the China-EU summit in December, which aimed to enhance stable and constructive relations.
Li’s comments regarding increased imports from the EU reflect China’s willingness to align with market demand and expand trade cooperation between the two entities. China urges the EU to relax export restrictions on hi-tech products, signaling its desire to obtain technological advancements from European markets.
Trade relations between China and the EU have encountered challenges, including accusations of protectionism and unfair competition. The EU has initiated anti-subsidy probes into Chinese electric vehicles and steel products, potentially leading to punitive tariffs. In response, China launched an anti-dumping investigation into brandy containers imported from the EU. Despite these tensions, both sides are committed to upholding the norms of free trade, fair competition, and open cooperation within the market economy.
Premier Li has urged the EU to uphold justice, compliance, and transparency in economic and trade matters, treat Chinese enterprises fairly, and carefully consider trade practices. While the EU has expressed its readiness to deepen cooperation on climate change and enhance people-to-people exchanges with China, both parties recognize the need for action on rebalancing trade and avoiding distortive policies.
In conclusion, China is seeking to boost its imports of EU products while urging the EU to ease hi-tech export restrictions. These developments signal an effort by both China and the EU to strengthen trade relations, alleviate trade disputes, and foster a more balanced and mutually beneficial trading environment. The pursuit of transparency in trade practices and a commitment to fair competition sets the stage for a more constructive economic partnership.
Source: https://www.scmp.com/news/china/diplomacy/article/3248757/trade-and-transparency-china-looks-boost-eu-imports-urges-eased-hi-tech-export-restrictions
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