Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-546-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120522.21.2-546-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"The EU’s trade deficit with China is on a path of unstoppable growth. Over a 10-year span, it has more than tripled, jumping from EUR 50 billion to EUR 170 billion. This immense imbalance can only partly be explained by China being more competitive in terms of labour costs. As indicated in the report, this Asian country and the companies operating there engage in several forms of conduct contrary to international trade law and practices in order to gain further competitive advantages.
Ever since its accession to the WTO, China has been its greatest beneficiary and the true winner in globalisation. However, WTO membership entails not only benefits but also responsibilities. It is unacceptable that Beijing is supporting companies that produce for export by various means, such as through an export credit scheme. The US has recently adopted protective measures against Chinese dumping. The EU must protect European jobs, and should act with similar strictness against illegal imports.
It is, for example, in the interest of the entire global economy that the Chinese Government stop keeping yuan exchange rates at artificially low levels in order to assist export companies. European enterprises that intend to export to China, including, in particular, distributors of agricultural products such as meat, are facing several technical and legal barriers that are unusual in international practice. China should create a predictable and transparent regulatory environment for third-country companies intending to export there."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples