Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-320-000"

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"en.20120523.15.3-320-000"2
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"During this time of crisis that Europe is experiencing, we must strive to achieve balanced trade relations with an economic power such as China, where economic growth has been in the order of 10% over the past 30 years, mainly due to exports, of which the EU is the main recipient. The opening up of trade has definitely been more beneficial to China, whose share in global trade reached EUR 395 billion in 2010, while foreign investment by the EU in China in the same year amounted to only EUR 4.9 billion. In striving to align trade relations with China, the EU must defend the model of a social market economy, require reciprocity and protect the interests of Europeans, as well as promoting concepts of development, democracy and human rights in relation to our partner. We should fight for greater competitiveness and access for EU enterprises to the Chinese market on equal terms and clear conditions. This is difficult today because of the government’s interventionist industrial policy, insufficient protection of intellectual property rights (IPR) and ambiguous standards. We must therefore promote and help to implement EU best practices and put pressure on China to comply with universal standards of trade, in particular, in the field of IPR. In a situation where 85% of counterfeit goods detained at EU borders come from China, it is hard to talk about competitiveness and respect for laws. This state of affairs must change if we are to be considered equal trade partners. I agree with the rapporteur that we need a new balanced approach in trade relations between the EU and China, capable of meeting the challenges of today’s market and contributing to the economic growth of both parties."@en1

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