Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-208-000"
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"en.20120523.15.3-208-000"2
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"Mr President, China has made great progress in relation to economic affairs, especially in the past few years. They are to be commended for that. That said, however, we also have problems with China, especially problems relating to reciprocity, which should be established as a matter of importance as soon as possible. There are barriers to trade, and those must also be discussed and removed. And there are also other problems, especially in relation to scarce minerals. The Chinese control 97% of the world’s scarce minerals. Their currency is undervalued and that creates an imbalance in their favour and gives them an illegal advantage in trade affairs. All these issues must be discussed with them. Therefore, there is an urgent need to reach a new investment agreement with China, in particular, one that is based on reciprocity. That is our aim, and if we manage to achieve it, both we and they will prosper."@en1
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