Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-333-500"
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"en.20120523.15.3-333-500"2
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"I voted for this report because the EU’s trade relations with China are actually experiencing serious difficulties and it is China which is swallowing up all the benefits at the moment. Every possible barrier is being put up against the European companies seeking an opportunity to enter the Chinese market, and extremely complex Chinese regulations and almost a total lack of transparency are making it impossible for European companies to participate in public procurement in China. China’s failure to respect intellectual property rights is extremely discouraging for European investors, and there are no signs of any positive development in this area. On the contrary, the types and numbers of counterfeit goods are rising in world trade, most of which originate from China. Dumping, including through devaluing the yuan and subsidising production with the aim of deriving trade benefits, is a practice widely used by China to seize global markets and edge out other participants. Our trade deficit with China has trebled in the last 10 years and is continuing to grow. This is clearly a source of concern, and serious measures need to be adopted both at European level and by individual Member States. China is the second largest economy in the world. China is an important economic and resource-rich partner for us, which is why every opportunity needs to be sought for partnership instead of confrontation."@en1
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