XI EU courts while Brussels requires a trade balance

Chinese President Xi Jinping (3rd-L) talks to the President of the European Commission Ursul von der Leyen, President of the European Council Antonio Costa and High Representative for Foreign Affairs and Security Policy and European Commission Vice-President Kaj Kalas, during the introductory statements of the 25th European Union.

Andres Martinez Kasares | AFP | Gets the image

As Chinese President Xi Jinping has promised to deepen his ties with the European Union, the highest official of the bloc caused concern about the growing trade imbalance, emphasizing the tension under diplomatic final forces.

Chinese and EU leaders held a meeting on Thursday 25th EU-China summit Entered.

XI described bilateral relations as “mutually beneficial”, saying that the connections became even more important because geopolitical tensions are globally. “The more difficult and complicated the international situation, the more China and the EU should strengthen communication, increase mutual trust and deepen cooperation,” EU leaders said, according to CNBC translation.

The President of the European Council Antonio Costa and the President of the European Commission Ursul von der Leyen, however, struck a tougher tone, calling on the Chinese leader to decide the growth of trade imbalance between two major economies.

“We have reached the splash point. Boaling our bilateral relations is important,” she said, according to Official ReadingEmphasizing that both sides must “recognize the relevant problems and make real solutions.”

This year, the world level was engaged in tensions on the global scale, and the EU-China relations, which are strained in Beijing exports of excess industrial supply amid a weakening domestic demand.

The block, which China is considered the second largest trading partner, raised tariffs for Chinese electric cars last year, seeking to protect its home industry, attracting Beijing to launch anti -dumps into European cognac, dairy and pork.

“What we have seen is a repeat of the relevant positions of both parties,” said Daniel Balas, a research associate of the S. Rajaramm School of International Studies, emphasizing the main differences for the purposes of the two sides.

The EU wants “more balanced economic ties”, and China has made more in bringing Russia to a table for negotiations over the Ukrainian conflict, but Beijing seeks to change EU restrictions on Chinese firms and duties on its electric vehicles.

Earlier this month, von der Leyen said China “allows the Russian war.”

In the first half of this year in China was a trade in goods Excess almost 143 billion dollars According to official customs data, with the European Union, 21%than a year earlier.

Source link