Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-318-437"

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"For several years, China was said to be ‘a sleeping giant’. This ‘giant’ has now woken up and dominates global trade. Its economic growth and, consequently, its GDP are the largest in the world. Although it is in the interests of both parties, EU-China trade is proving rather unbalanced, with the scales tilting in China’s favour. While there is great potential for European exports to China, the reality is that the cost of factors of production, not least labour, means that there is no comparison between the two. Moreover, we cannot consider China a market economy. It does not respect workers’ rights or copyright, and it has no concern for the environment. For these reasons, China’s accession to the World Trade Organisation has been delayed. Although I am not advocating shutting Chinese products out of the European market, I believe that our next partnership agreement should demand reciprocity and respect for the EU’s principles and values. I voted for this report by Ms de Sarnez and I hope that there will be reciprocity in mutual access to markets."@en1

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