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December 1, 2009

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European imports to China set for boost

CHINA would continue to take active measures to increase imports from Europe to address the trade imbalance between China and the European Union, Premier Wen Jiabao said yesterday.

"China does not seek a trade surplus that is beyond a reasonable level," Wen said when delivering a speech at the closing ceremony of the fifth China-EU Business Summit.

"To address the trade imbalance, China has sent several missions to European countries to promote trade and investment and will continue to take active measures to increase imports from Europe."

Stressing the size of China-EU trade in goods cannot reflect the depth and scope of economic ties, Wen proposed that China and the EU should look at the current trade and its prospects from a strategic and overall perspective.

"We should make the most of our complementarity, promote trade and investment liberalization and facilitation, and commit ourselves to not taking protectionist measures against each other," Wen said.

He said China and the EU should increase coordination and consultation in the World Trade Organization Doha Round negotiations.

European Commission President Jose Manuel Barroso and Swedish Prime Minister Fredrik Reinfeldt, whose country holds the EU's rotating presidency, also attended the closing ceremony.

The annual business summit, with the theme of "The Green Agenda: Sustaining Growth beyond the Recovery," focused on how to achieve a sustainable recovery from the global financial crisis, climate change and the development of China-EU trade relations.


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