Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-319-000"
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"en.20120523.15.3-319-000"2
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"The European Union is the top destination for Chinese exports, and it is China that is the EU’s second largest partner. However, bilateral trade has been unbalanced in recent years. I consider it essential to adjust the bilateral trade relations between the EU and China to the current economic situation. The trade imbalance between these two regions is unacceptable. The shift of production of numerous types of consumer goods to China has resulted in job losses, drastic price reductions, and therefore relatively low inflation. After China joined the WTO in 2011, it was supposed to comply with the rules relating to the liberalisation of its trade and the opening of its markets, but the results have been less than satisfactory. The Chinese Government’s interventionist industrial policies, a system of rules that is ambiguous in its application, the inadequate protection of intellectual property, and other non-tariff and technical barriers are hindering the efforts of European companies to access the Chinese market. It is more than necessary to restore fair competition and ensure a level playing field for all. I firmly believe that it is necessary to negotiate a new, balanced trade agreement that will provide a more favourable environment for European investors and guarantee transparency in the governance of Chinese companies that invest within the EU. It is important to improve coordination between the individual Member States and, at the same time, our bilateral relations with China must not weaken the EU’s position with respect to that country."@en1
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