fbpx

Type to search

EU, China Summit on April 1 to Address Trade Tensions

The summit is likely to be virtual rather than in person, an EU official said.


EU china
The Commission had, at the beginning of the year, formally requested consultations with China, the first step in a WTO challenge. Photo: Reuters

 

The European Union will hold a summit with China on April 1 in an attempt to diffuse growing tensions between the two, European Commission Vice-President and EU trade chief Valdis Dombrovskis said on Monday.

“We know we are in a complicated phase of relations with China,” Dombrovskis told the trade committee of the European Parliament.

Dombrovskis referred to an investment agreement struck with China that has stalled after Beijing imposed sanctions on some members of the parliament and a dispute between China and Lithuania after the latter allowed Taiwan to open a de facto embassy in Vilnius.

“It is clear that some of those topics need to be addressed at the highest political level to see to what extent we can align and improve our cooperation,” Dombrovskis said.

The summit is likely to be virtual rather than in person, an EU official said.

The European Union regards China as a strategic rival in some fields, but a partner in areas such as fighting climate change. It also wants to bring China on board in its push to reform trade rules at the World Trade Organization.

Dombrovskis did not say whether Russia’s invasion of Ukraine would feature in the upcoming summit, but acknowledged there was a risk that a tighter China-Russia alignment could emerge from the conflict.

“Actually there are signs that it is already happening,” the commissioner said.

“As you also know, China is taking a very careful approach in this conflict. They are clearly not following the Western democratic world example and [that is] putting pressure on China. The risk is there.”

It is normal to have differences as China and the EU are at different development stages, Chinese Commerce Minister Wang Wentao said.

“China’s development is an opportunity, not a challenge, to the European Union,” Wang said at a news conference in Beijing on Tuesday.

“Cooperation between the two is bigger than competition.”

 

  • Reuters with additional editing by Jim Pollard

 


 

ALSO READ:

 

 

EU Files WTO Complaint Against China Over Telecom Patents

 

EU Lodges WTO Case Against China Over Lithuania Row

 

Europe Seeks Lithium Sources to Reduce China Dependence

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

logo

AF China Bond