Sunday, June 16, 2024
 
 

European companies ask EU to toughen its approach to China

EPA-EFE/FELIPE TRUEBA
The flags of China and the European Union are seen in Bellevue Palace during the visit of Chinese Vice President Wang Qishan to German President Frank-Walter Steinmeier in Berlin, Germany, 31 May 2019. Qishan will also meet with the German Chancellor later in the day.

- Advertisement -

The business organization BusinessEurope complained that China was the most restrictive of the EU’s trading partners. The EU is China’s biggest trading partner.
The organisation consists of business groups from 35 countries. It warned that European businesses face numerous barriers to investment in China, and asked policy-makers to toughen their approach to the country, which is the EU’s second biggest trading partner.
“The EU must reconsider its modus operandi towards China and put more emphasis on reciprocity and conditionality”, the organization told the EU Commission and EU governments in its report.
The report warns about the disadvantages that European firms face in China, specifically because of the trade war between the two sides.
Marcus Beyrer, the head of the organization said that China’s worsened relationship with the bloc will hurt China more than the EU, as the country is also involved in a trade war with the United States.
At the same time, the European Chamber of Commerce in China also warned that the EU should move to force Chinese companies that access the EU procurement market to operate under the same restrictions that EU companies do in China.
China did not immediately comment on BusinessEurope’s report.

- Advertisement -

Subscribe to our newsletter

Latest

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy...

Don't miss

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy...

Manila rejects Beijing’s South China Sea demands as “absurd”

The Philippine Coast Guard accused its Chinese counterpart on...

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt to the siege of the city of el-Fasher in the Darfur region, where 1.5 million...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination, Kazakhstan’s capital Astana hosted the launch June 12 of a new coordination platform for the...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency help with its immediate air defense needs, as well as political shockwaves emanating from the...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy Foreign Ministers discussed common security challenges and joint cooperation to deepen ties between the two...

Manila rejects Beijing’s South China Sea demands as “absurd”

The Philippine Coast Guard accused its Chinese counterpart on June 7 of blocking efforts to evacuate a sick member of its armed forces in...

World Oceans Day calls for action to protect coastal communities and marine ecosystems

UN World Oceans Day, which is officially on June 8, was celebrated on June 7 at UN Headquarters in New York, focusing on protecting...

U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue deepens political and economic ties

The sixth annual United States-Kazakhstan Enhanced Strategic Partnership Dialogue (ESPD) was held in Washington D.C. on May 31.The U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue was...

Interview: EU and Turkmenistan are getting closer

NE Global sat down exclusively with Sapar Palvanov, Ambassador of Turkmenistan to the Kingdom of Belgium, also accredited as the head of the Mission...