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Tear down your barriers, EU presses after summit with China’s Xi

thevaultzby thevaultz
September 15, 2020
Reading Time: 3 mins read
thevaultzby thevaultz
in Europe
0
Tear down your barriers, EU presses after summit with China’s Xi

European Council President Charles Michel, right, and European Commission President Ursula von der Leyen. Image credit: AP

European Union leaders have told Chinese President, Xi Jinping to open up markets, respect minorities and step back from a crackdown in Hong Kong, also asserting that Europe would no longer be taken advantage of in trade.

Eager to show that the EU will not take sides in a global standoff between China and the United States, German Chancellor Angela Merkel joined the bloc’s chief executive and chairman to deliver a tough-talking message to Beijing.

“Europe is a player, not a playing field,” European Council President, Charles Michel, who chaired the video summit, told reporters in reference to a growing sense in Europe that China has not met its promises to engage in fair and free trade.

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Von der Leyen, who leads the EU’s executive body that manages trade on behalf of the member countries, noted that trade and investment talks have been stepped up but despite some recent progress “a lot, a lot, still remains to be done.”

“The European market is open, and European companies must have fair and equal access to the Chinese market in return.

“We are really serious about having access to the Chinese market and tearing down the barriers.” she told reporters.

With more than a billion euros a day in bilateral trade, the EU is China’s top trading partner, while China is second only to the United States as a market for EU goods and services.

China’s response to EU demands was unclear as it was not part of the post-summit news conference and there was no joint statement.

Merkel finger July 800x450 1
German Chancellor, Angela Merkel. Image credit: Reuters

But the European Union accuses China of breaking a host of global trade rules, from overproduction of steel to stealing Western intellectual property, which Beijing denies.

European attitudes have also hardened towards Beijing because of the novel coronavirus, which many scientists believe originated in China, and because of a new security law on Hong Kong that the West says curtails basic rights.

Merkel said she and her two EU colleagues had pressed Xi to be clear about whether it really wanted an investment agreement that is being negotiated between the two and which would force China to open up its markets.

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“We put on pressure to make progress on the investment agreement,” Merkel told reporters from Berlin.

“Overall, cooperation with China must be based on certain principles – reciprocity, fair competition. We are different social systems, but while we are committed to multilateralism, it must be rules-based.

“The demand for a level playing field was justified today given China’s economic transformation in the past 15 years,” Merkel said.

The EU also wants stronger commitments on climate change from China, the world’s top polluter.

The EU and China did sign a deal to protect each other’s exported food and drinks items from feta cheese to Pixian bean paste.

The new deal represents a trade coup for Europe as U.S., Australian or New Zealand producers will no longer be able to use the protected names on their exports to China, although there is a transition period for certain cheeses.

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