Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-531-000"
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"en.20120522.21.2-531-000"2
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"Mr President, first of all, I want to commend the rapporteur; she has done an excellent job. The report is very timely given the economic crisis in which we find ourselves.
First of all, we have to welcome the fact that China has lifted many of the barriers to trade and is more open to dialogue with the Western world. However, as the rapporteur said, there are definite problems. First of all, there is the huge imbalance between the manner in which the EU treats Chinese companies investing in Europe and the manner in which China treats EU companies investing in China. Not only is the situation bad, it is actually getting worse: 43% of the EU companies in Europe confirm that there is anti-EU discrimination; that should be set against a figure of 33% in 2010.
The problem areas have been outlined: first of all, public procurement. Secondly, EU investors are debarred, for example, from owning their own company. You must hand over at least half the ownership of your company if you establish in China. Thirdly, China accounts for 97% of the world production in commodities, and we know the problem in relation to rare earth exports. The WTO settlement body, for example, ruled against the Chinese practice in July 2011.
The sheer size, power and potential of China are absolutely phenomenal. Mr Sturdy put it very bluntly. He said we must focus on the positives. I have heard a lot of tough talk here. Let us be honest about it. We are not in a position to talk tough. We cannot bully the Chinese. At the end of the day, the name of the game has to be putting the hand out, freedom and rapprochement."@en1
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