Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-314-937"

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"en.20120523.15.3-314-937"2
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"I voted in favour of this European Parliament report because the issue of cooperation between the EU and China is very relevant, particularly since China joined the World Trade Organisation (WTO) and later became the world’s leading exporter of goods and the world’s second largest economic power. The increased development of its economy and its accession to the WTO entail not only substantial benefits but also a greater responsibility for China to play a full and positive role in the global economic order, in particular, in the International Monetary Fund (IMF) and the World Bank Group. It is important to underline that the EU has replaced Japan as China’s largest source of imports. Growing Chinese imports have been crucial for the recent economic performance of export-oriented EU Member States like Germany. Bilateral trade relations have developed considerably since the EU-China cooperation agreement. The divergent social, economic, and democratic models in China and in the EU, as well as their respective demographics and natural resources, play a large role in the trade imbalances between the two regions. It is therefore very important to bring the provisions of the EU-China cooperation agreement into line with the current economic situation. There must be a new phase in EU-China trading relations, based on a partnership of equals, the principles of reciprocity and fair competition, the implementation of which ensures common development. This could provide new investment opportunities for European businesses and enhance cooperation."@en1

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