Xi urges better deal in EU for Chinese firms
Print Edition
President Xi Jinping yesterday called on European Union leaders to eschew protectionism and create a more healthy environment for Chinese businesses ahead of the first EU-China summit since he became the Chinese President.
Xi was meeting President of the European Council Herman Van Rompuy and President of the European Commission Jose Manuel Barroso in Beijing.
Europe is China’s most important trading partner and, for the EU, China is second only to the United States. But the bilateral relationship has been weighed down by a series of trade rows ranging from steel and wine to solar panels.
“Both sides should expand trade and investment cooperation and promote the negotiations of investment agreements, oppose all forms of protectionism and promote the development of an open world economy,” Xi told Van Rompuy and Barroso.
“I hope the EU can create a good environment for Chinese businesses to carry out economic and trade cooperation,” he said.
The two sides also need to expand cooperation on trade and investment, promote the negotiation on investment agreements and oppose protectionism in all forms, he said.
Xi said China and the EU were two major forces in maintaining world peace, two important markets to promote common development and two civilizations to advance the cause of human progress.
China is moving forward to the realization of the Chinese dream of national rejuvenation, while Europeans have sought a dream of integration for centuries, Xi told his guests.
China and the EU need to bear the trends of historic reforms in mind, grasp opportunities, accurately position the comprehensive strategic partnership amid a multipolar world and economic globalization, and realize the innovative development of China-EU cooperation so as to benefit the peoples of both sides and the world, Xi said.
The China-EU summit will be held in Beijing today to outline cooperation for the next five to 10 years and upgrade their relationship.
Premier Li Keqiang will launch the summit with Van Rompuy and Barroso.
Xi called on the two sides to make a strategic plan for cooperation in 2020, boost cooperation on urbanization, science, aeronautics and astronautics and green economy.
The summit comes on the heels of the High-Level Economic and Trade Dialogue in Brussels on October.
EU leaders said they looked at the summit as a chance to establish the direction of relations with China for the next decade.
Both sides are expected to announce the launch of talks on a bilateral investment treaty, which Europe hopes will reduce barriers to investment in China and provide more legal certainty for its companies.
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