Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-529-000"
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"en.20120522.21.2-529-000"2
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"Mr President, this is an unusually balanced report on the trade balance with China. It is not the normal swansong which I think we are used to hearing when the EU talks about trade with China.
My father always used to say that anyone who stands in the way of progress will simply get run over. World trade and the world economy are very different now from when I was growing up. They will look even more different in 10, 15 or 20 years’ time. That is a fact and there is nothing we can do about it.
The fact that China now has such a strong presence in the international trade arena is ultimately a good thing, not just because of the human aspects and the eradication of poverty. It has also been of benefit to us, with increased exports, increased imports of cheap products and low inflation. Fundamentally, this depends on comparative advantages from China and the differences which promote trade. However, this does not mean that China always plays by the rules. On the contrary, China breaches many rules and, in these cases, we need to take particularly tough action. The Chinese have a lack of respect for intellectual property rights and we need to protest about this. Their policy on investment opportunities in China is poor, not to mention online protectionism in the form of the Great Firewall. We must combat all of these problems, but we must continue to accept Chinese exports. Despite everything, the EU is the world’s largest exporter to China and we benefit from trade with China. The most important thing for us to do to bring about a trade balance with China is to make use of our own competitiveness. If we want to change the trade balance, we should do our homework in Brussels and the other EU capitals, rather than visiting Beijing and the rest of China.
I believe that there are opportunities for trade with China and, therefore, I am pleased that this report does more than simply highlight the problems."@en1
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