Transcript EU-China Relations final

*History of cooperation
*China Economy
*EU Economy
*Trade between EU and China
*Summit and Dialogues
*Conflicts
*Summary
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*Without diplomatic relations (late 1940s-1975)
*Mutually disregard (1975-1994)
*Mutually attraction (1995-2002)
*Honeymoon (2003-2004)
*Reflection and adjustment (2005-now)
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*The Cold War environment
*The EC/EU:
*
*The establishment of Communities
*The first enlargement
*Under the protection of the US
*China:
*The founding of the PRC
*Cooperation and competition with the
Soviet Union
*Conflicts with the US
*
*In 1975, diplomatic relations were established
between the European Community and China.
*Two documents:
* 1978: bilateral trade agreement
* 1985: trade and cooperation agreement
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*Bilateral trade:
* US$ 2.4 billion in 1980
* US$ 33.97 billion in 1994
* Political dialogues established in 1994
* European Commission (1994): “Towards a New Asia
Strategy”
*
*European Commission (1995): “A long term- policy for
China-Europe relations”
*Some sectoral dialogues were established.
*The summit meeting system created in 1998.
*European Commission(1995): “Building a
Comprehensive Partnership with China”
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*
* China overtook Switzerland to become the EU’s second
largest trading partner behind the US (2003):
* Bilateral trade reached US$100 billion.
*The rise of China is unmatched amongst national
experiences since the Second World War. Japan
has made its mark as an economic power, the
Soviet Union survived essentially as a military
power, China is increasingly strong in both the
military-political and the economic sphere.
-- European Commission (1995): “A long-term
policy for China-Europe relations”
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*
*European Commission (2003): “A maturing
partnership - shared interests and challenges
in EU-China relations”
*Chinese government (2003): “China’s EU
policy paper”
*Frequent exchanges of visits:
*EU officials paid 206 visits to China in 2004
*Chinese Premier Wen in Brussels in May 2004
*In words of Romano Prodi: EU-China relations
are ‘a very serious engagement’
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*Problems in lifting the arms embargo
*The EU’s rising trade deficit:
*China’s exports to the EU
* US$19.09 billion in 1995
US$181.98 billion in 2006
* US$21.25 billion in 1995
US$90.32 billion in 2006
*China’s imports from the EU
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*European Commission (2006):“EU-China:
closer partners, growing responsibilities”
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*European Commission (2006):“A policy
paper on EU-China trade and investment:
Competition and Partnership”
* The second largest market in global
* World fastest economy
* World largest goods exporters
* Second largest goods importers
* The economy of China is the fastest growing
consumer market in the world. On a per capita
income basis, China ranked 87th by nominal
GDP and 92nd by GDP (PPP) in 2012, according
to the
* The economy of the European Union generates
a GDP of over €12.894 trillion (US$16.566
trillion in 2012) according to Eurostat that
makes the largest economy in the world. The
European Union (EU) economy has an Internal
Market and the EU is represented as a unified
entity in the World Trade Organization (WTO).
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* The EU and china economy are the biggest traders in
the world
* the EU is the first China’s trading partner and China
is the EU’s second trading partner after the US
* EU is willing to open the trade relation with China
with ensuring the fairness of the trade relation such
as intellectual propriety and following the World
Trade Organization obligations.
* Agreements
* will carry liberalizations of investment and
restriction removal for investors in both markets
* The dramatically increase between EU-China in recent
year. China became the biggest source of imports for
EU. China’s market is the fastest growing exports for
EU 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. EU exports to China are mainly
machinery and equipment, motor vehicles, aircraft,
and chemicals. Bilateral trade in services only
amounts to 1/10 of total trade in goods, and the EU's
exports of services only amount to 20% of EU's exports
of goods
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* Political dialogue
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* Economic dialogue
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* Sectorial Dialogue
* People to people dialogue
* Despite that the strong relation between
European Union and China and forming the
strategic partnership, several disputes on
unfair commercial practice held back the
relation. The two largest trade partners claim
disputes against each other. From textile to
Solar panels and steel dispute, EU and China
have engaged in trade disputes.
1-Solar panels:
EU imposed tariff on Solar
panels and it components
imported from China.
Reason:
EU Anti-dumping
Result:
Agreement sets the minimum
price for Chinese exporters
of solar panels in the EU
markets and a limit on the
volume of exports.
2-Wine disputes:
Chinese government tends
to impose tariffs on
imported European wins.
Reason:
Claims it dumping the win in
Chinese’s market.
Result:
China open negotiation for
this matter to resolve the
tended dispute.
Textile dispute:
There is a dispute over textile
imports into the EU (the Bra wars)
Reason:
Domestic European manufactures
losing out to cheaper Chinese
imported goods.
Result:
The EU and China have finally
reached an agreement ending the
conflict of textiles will limit the
growth of Chinese textile exports to
EU in the coming three years, to
secure a smooth transition before
the complete opening of the
European market to Chinese textile
products in 2008.
Since the beginning of the EU- China diplomatic
relation and the trade agreements signed, more
comprehensive ties on political and economic
cooperation was held by the two partners. These
agreements create the framework of the
cooperation between the European Union and
China. In 2001 China accessed to the WTO, more
trade an economic relation have flourished. Despite
the fact that there are sever disputes between the
two partners, there is an enthusiasm to resolve and
continue the strategic partnership between the EU
and China.
* http://europa.eu/legislation_summaries/external_relations/relation
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s_with_third_countries/asia/r14206_en.htm
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* http://www.friendsofeurope.org/Contentnavigation/Publications/Lib
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es-Central-Europes-Cooperation-with-China-Undermine-EUPolicy.aspx
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* http://www.chinadaily.com.cn/china/2012cneuforum/node_1085724
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http://ec.europa.eu/trade/policy/countries-andregions/countries/china/
http://www.lse.ac.uk/IDEAS/publications/reports/pdf/SR013/SR013Eu-westad.pdf
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