Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-332-000"
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"en.20120523.15.3-332-000"2
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"In my view, this report is very interesting because of the trade relations between European enterprises and the Asian country. Following the country’s increasing development and its accession to the World Trade Organisation (WTO), alongside the significant benefits, China’s new trade responsibilities involve greater obligations in playing an active, positive role in the world economic system, including within the context of the International Monetary Fund (IMF) and the World Bank Group. European companies are very aware of the complexity and opaque nature of the Chinese system of regulation and legislation.
Ten years after China’s accession to the WTO, this factor raises various questions regarding European companies’ ability to access the market and, in the long term, the very attractiveness of the Chinese market, which is simultaneously perceived as strategic and difficult to penetrate. The adoption of the report this morning sends a strong signal to the other European institutions to tackle the difficulties still being encountered by European enterprises in entering the Chinese market. In many ways, that market constitutes a valuable source of investment and development opportunities. The application of the principle of reciprocity to EU-China trade relations, in order to allow fair competition on international markets, remains an important issue. It confirms progress in Europeans’ confidence in the Asian giant."@en1
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