• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

WhatsApp us today for help!  +44 7444 827 917

  • Facebook
  • LinkedIn
  • Twitter

Free Study – 2022-23

Study Abroad

  • Courses
  • Scholarships
  • Interview Tips
  • Essay Tips
  • Immigration
  • Contact Us
  • Search

Mobile Menu

  • Courses
  • Scholarships
  • Interview Tips
  • Essay Tips
  • Immigration
  • Contact Us
  • Search

Schedule A Free Consultation Now!

We can you find scholarships with your admissions.

+44 7444 827 917

  • Facebook
  • LinkedIn
  • Twitter

EU Pushes China to open its Economy if it Wishes

You are here: Home / News / EU Pushes China to open its Economy if it Wishes

June 25, 2020 //  by Amit Kumar

On Monday, European Commission President Jean-Claude Juncker said that China might open its Economy if it so desired, with the European Union calling on countries to avoid a trade war, even as pressure on Beijing rises over its industrial policies.

Hosting Juncker and President of the European Council Donald Tusk, Chinese Prime Minister Li Keqiang stressed the need to uphold free trade and multilateralism, as the United States and China are becoming increasingly mired in a trade dispute, with no sign of horizon negotiations.

US President Donald Trump warned that he could ultimately impose tariffs on Chinese goods worth more than $500 billion – almost the total amount of US imports from China last year – to combat what the US claims to be trade abuses in Beijing.

Long accused of protectionist tactics that make it difficult for foreign firms, China is trying to reverse this narrative amid the escalating trade war by approving huge investments, such as a $10 billion petrochemical project by the BASF (BASFn. DE) from Germany.

Speaking at a joint news briefing with Li and Tusk at the People’s Great Hall in Beijing, Juncker said that move showed “if China wants to open it can do so. They know how to begin. We need multilateral rules which are just and equitable. The EU is free and not naã¯ve.

Chinese companies are the key focus of EU anti-dumping and unfair subsidies initiatives, and last year the European Commission indicated that it would be permitted to scrutinize foreign investment in the face of increasing concern about Chinese acquisitions on the continent.

Tusk approached China, the United States and different nations, to not begin exchange wars, and to change the World Trade Organization, so it is prepared to battle constrained innovation moves and government endowments, grumblings supporting Trump’s duties.

“It is the basic obligation of Europe and China, yet also America and Russia, not to crush this request yet to improve it, not to begin exchange wars, which transformed into hot clashes so frequently in our history, however, to boldly and capably change the standards-based worldwide request,” Tusk said at a gathering with Li.

Both China and Europe have stressed the need to tackle trade differences through the WTO, but the US has said that China’s unfair policies are too urgent and too big for the trading body to handle.

The meeting between China and the EU produced a communiqué affirming both sides’ commitment to the multilateral trade system. After meetings in 2016 and 2017, the leaders failed to find enough consensus for such a joint statement.

The statement stated that Beijing and Brussels had submitted market access offers as part of investment treaty talks for the first time, adding that the exchange should open a “new phase” in the negotiations that both sides considered “top priority.”

“The EU has taken note of China’s recent commitments to boost market access and the business climate, safeguard intellectual property rights and increase imports, and looks forward to their full implementation and further action,” said the release.

European envoys say China’s sense of greater urgency since last year is finding like-minded countries willing to stand up to Trump’s “America First” policy.

China’s EU ambassador on Sunday wrote in Chinese state media that the annual meeting of Chinese-EU leaders would concentrate on how the two sides could become a “foundation of unity” amid the “din of unilateralism and protectionism”.

While sharing Trump’s concern about Chinese trade abuses, if not its tariff prescription, the EU has mostly rejected China’s efforts to put pressure on it against Trump to a strong stance.

There is deep scepticism in the EU about China’s commitment to further opening up its market, as well as concern that it seeks to divide the world’s largest trading bloc with its Eastern European economic influence.

Nevertheless, European officials say that Trump, who has also threatened Europe with tariffs, provided a window of opportunity to prove that ties between the EU and China can be a bulwark for global trade.

Category: NewsTag: China, EU

About Amit Kumar

FreeEducator.com blog is managed by Amit Kumar. He and his team come from the Oxford, Stanford and Harvard.

At FreeEducator, we strive to create the best admission platform so that international students can go to the best universities - regardless of financial circumstances.

By applying with us, international students get unlimited support and unbiased advice to secure the best college offers overseas.

Need help with studying abroad? or need a scholarship?

Schedule a no-cost consultation today!

We help students around the world with their college applications and related scholarships. With us you can apply for college admissions and we’ll help you apply for all available scholarships with that.






You May Also Be Interested In:

How to Become Web Developer for Free?

UNESCO Calling Application for International Fund for Cultural Diversity

Colleges in France for International Students

Colleges in Germany for International Students

Best Ways for College Students to Make Money

Christmas Presents for College Students

Best Laptops for High School Students 2020

Best Remote Jobs for College Students

Best International Credit Card for Students

Previous Post: « Why Is College so Expensive?
Next Post: Saudi Arabia Drastically Limits Hajj Pilgrimage Due to COVID 19 »

Primary Sidebar

RECENT POSTS

How to Become Web Developer for Free?

As an entry level software developer, you can typically expect …

UNESCO Calling Application for International Fund for Cultural Diversity

On March 16, 2022, UNESCO launches the thirteenth call for …

Colleges in France for International Students

Are you thinking of studying overseas, particularly in France? …

Colleges in Germany for International Students

Germany is one of the world's top ten most popular study …

Best Ways for College Students to Make Money

College life is full of new experiences and ideas. You get a lot …

Christmas Presents for College Students

The holiday season has arrived, and it's time to start thinking …

Best Laptops for High School Students 2020

It's not just college students who need laptops for their …

Popular tags

Abroad Australia Canada Career China College Colleges Competition Engineering Essay Essay tips Express Entry Foreign Students Free Online Course Free Online Courses Germany Graduate Immigration India Indian Students International International News International Students Interview Interview Questions Jobs masters New Zealand Online Courses PhD Position PhD scholarship PhD Scholarships Pros and Cons Scholarships Science Student Students Study Study Abroad Study in Canada Study in the USA UK universities USA visa

Footer

About FreeEducator

FreeEducator is a free study abroad and scholarships resource site for international students. FreeEducator was founded in August 2007 by Amit Kumar. The main goal of this site is to provide quality support to international students that allows them to improve their chances of success in life.

Site Links

  • About
  • Contact us
  • Disclaimer
  • Terms of Use
  • Privacy

Contact Us

Free Educator - Study Abroad Marketing Office
+44 7444 827 917

Email:
info@www.freestudy.com

Northways Parade
28 College Cres, London NW3 5DN


Head Office 106 Jaihind Kothi, Prem Nagar Bareilly, 243005, India
  • Facebook
  • LinkedIn
  • Twitter

Site Footer

Free Educator – Best website for international students to study abroad. Free scholarships and Financial aid.

Copyright © 2023 FreeEducator - Study Abroad · All Rights Reserved.